The GBP/USD pair is trading in a downward channel on a 30 minute time frame. However, the price is also trading in an upward channel on a bigger time frame which confirms that the upward trend is still in play. The price is trading near the 50 day (shown in green) but below the 100day (shown in yellow) moving averages which means that the bears are taking the control.
اقرأ المزيدThe EUR/USD pair bounced from its support on a 30 minute time frame. This support zone was given in our analysis on Friday. The price has also broken the downward trend line to the upside however, since then it is lacking a further upward momentum. The pair is also trading above the 50 day (shown in green) but below the 100 day (shown in yellow) moving averages which confirms that the bulls are taking the control.
اقرأ المزيدThe USD/JPY pair has broken its downward channel to the upside on a 30 minute time frame. However, since then the price has failed to continue it momentum and it is moving in a sideway pattern. The pair is trading above the trading above the 50 day (shown in green) and the 100day (shown in yellow) moving averages which means that the bulls are in control. The volatility for the pair is low as the price is trading with the Bollinger band and it is close to its 20 day moving averages.
اقرأ المزيدThe EUR/USD pair fell from its resistance on a 30 minute time frame. This zone was given in our analysis on Friday. The price is trading below the downward trend line which means that the upward trend is becoming weaker. Moreover, the price is also trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control.
اقرأ المزيدThe EUR/USD pair is trading in its resistance zone on a 30 minute time frame. This is a major resistance zone because the price is visiting this level for the first time and this upward trend could pause or reverse its direction. The pair is trading above the upward trend line and has not broken this trend line which represents the strength of this upward trend. Moreover, the price is also trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control.
اقرأ المزيدThe EUR/USD pair is trading in an upward channel on a 30 minute time frame. The price could be more biased toward the upside because it has been challenging the minor resistance (mentioned below) more as compared to the support zone. However, , the price is also trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control.
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