Crude oil has bounced sharply up after forming a double bottom on a 4 hour time frame. The double bottoms are reversal bullish patterns and when they are formed near the support zone, their significance increases further. However, the price is trading below the 50 day (shown in yellow) and 100 day (shown in red)…
اقرأ المزيدThe EURUSD pair is trading above the upward trend line on a 4 hour time frame. The price has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance when this takes place near the important resistance and support zone. The volatility for the pair is high as we are…
اقرأ المزيدThe USD/JPY fell near the minor resistance zone (mentioned below) on a 60 minute time frame. The price was only short of a few pips from our Identified resistance zone, which we mentioned last week. The pair is trading below the 50day and 100 day moving average which means that the strong bias could be…
اقرأ المزيدThe USD/JPY has formed a reverse head and shoulder pattern on a 60 minute time frame. This is a bullish pattern and if the price breaks its neckline it may push the price above its minor resistance level which is mentioned below. The price is trading above the 50 day shown in green and 100…
اقرأ المزيدThe GBP/USD fell from our Identified resistance zone a 60 minute time frame. The price moved nearly 60 pips away after touching the resistance zone, giving us the huge potential profit when the risk was only 25 pips. This gives us a great risk to reward ratio of 2.4. However, the price has started to…
اقرأ المزيدBank of America came under immense selling pressure yesterday and broke its support zone near the $15 mark on a daily time frame. The standard deviation indicator shows that the break of the support zone is for real as the volatility picked up, as we broke this support zone. The price has pierced the Bollinger…
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