Focus: As long as the price stays above the upward trend line, the target for the upside could be the 100.37 resistance zone, and a break above that will open the room for a further upside with next target at the 101.28 level.
Strategy in Play:
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Focus: the pair could bounce from its support zone of 1.5978 (mentioned below) and a break of this support zone could open a further room to short with next support zone near the 1.5799( mentioned below)/
Strategy in Play
اقرأ المزيدBarclays stock is trading within the support zone on a 4 hour time frame. The price has pierced the Bollinger band and it is trading far enough from 20 day moving average which represents that the volatility for the stock is extremely high. The piercing of the Bollinger band does have significant importance when this takes place at an important level of resistance/support zone, because this is an ability to stop the upward/downward move or reverse the trend. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirm that the bulls are in strong control.
اقرأ المزيدThe USD/JPY pair bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis on the 17th of September. The price is trading above its upward trend line which confirms that the after bouncing from its support zone, the uptrend is still in intact. Moreover, the price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which is a further confirmation of the above argument.
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Focus: The pair need to break the 1.3591 resistance zone to confirm the uptrend. The immediate term support zone could be near the 1.3354 level.
Strategy in Play
The EUR/USD has fallen from its resistance on a 30 minute time frame as predicted. This resistance zone was given in our analysis yesterday. The price pierced the Bollinger band at this level and the piercing of the Bollinger band does have a significant importance when this takes place at an important level of support/resistance because this has the ability to pause or reverse the current trend. The EUR/USD is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bulls are in strong control.
اقرأ المزيدFocus: The pair need to break the 1.3367-1.3401 resistance zone to confirm the uptrend . The immediate term support zone could be near the 1.3244 level.
Strategy in Play
The EUR/USD is trading in a symmetrical triangle pattern on a 30 minute time frame as predicted. Historically speaking, symmetrical triangles do usually break 60% in the direction of the trend. The upward/downward projections of this triangle are shown by the yellow rectangles on the chart. The volatility for the pair is low, as the price is trading within the Bollinger band. The EUR/USD is trading near the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that there is a tug war going on between the bulls and the bears and no one has the control.
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