The EUR/USD has bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis yesterday.
The pair is trading above the 50 day (shown in green) but below the 100 day (shown in yellow) moving averages which means that the bulls are taking the control
The RSI has entered in the overbought zone which means that the price may find some resistance at this level.
اقرأ المزيدThe GBP/USD is trading in a major resistance zone on a 4 hour time frame. The pair is trading well above its upward trend line which clearly confirms that the uptrend is strongly intact. Moreover, the pair is also trading above the 50 day (shown in green) and the 100 day (shown in yellow)…
اقرأ المزيدThe EUR/USD pair has broken its upward channel on a 30 minute time frame. The pair has pierced the Bollinger band at this level which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance because this could reverse or pause the current trend. However, an important level of support is still further away which means that price could continue its downward trend before we see a meaningful bounce back.
اقرأ المزيدThe USD/CAD pair has broken out of an ascending triangle pattern a bullish pattern on a 4 hour time frame. If this pattern plays out completely, then we could easily see the price near the 1.078 resistance zone which is mentioned below. The volatility for the pair is low as the price is trading near the 20 day moving average and within the Bollinger band.
اقرأ المزيدThe AUD/USD pair has broken a major reversal pattern- Head & Shoulder on a daily time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving average which means that the bears are in strong control of the price. The pair has pierced the Bollinger band at this level which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance because this could reverse or pause the current trend.
اقرأ المزيدThe EUR/USD is trading above its upward trend line on a 30 minute time frame. The pair is also trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which is a further confirmation that the uptrend is still strong.
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