The GBP/USD pair fell from its resistance on a 30 minute time. This resistance zone was given in our analysis yesterday. However, this resistance zone my no longer hold if the price visits this specific zone again as the price has already visited this level for 3 times. Generally speaking, the fresh levels are the best levels and there is more probability of price changing its direction when it visit that specific level.
اقرأ المزيد
The AUD/USD pair has bounced from its support on a daily time frame. This support zone was given in our analysis on 26th June. The price also pierced the Bollinger band at this level and the piercing of the Bollinger band does have a significant importance at an important level of support/resistance because this could reverse the trend or push the price back towards its mean. However, the price is still well below the 50 day (shown in green) and the 100day (shown in yellow) moving averages which means that the bears are still in strong control.
اقرأ المزيدThe USD/JPY pair has bounced from its support on a 30 minute time. This support zone was given in our analysis on 29th June. However, this support zone my no longer hold if the price visits this specific zone again as the price has already visited this level for 3 times. Generally speaking, the fresh levels are the best levels and there is more probability of price changing its direction when it visit that specific level.
اقرأ المزيدThe FTSE 100 is trading above its upward trend line on a 30 minute time. The volatility for the pair is high as the price is trading far from the 20-day MA and it has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.
اقرأ المزيد
The GBP/USD pair is trading above its upward trend line on a 30 minute time. The volatility for the pair is high as the price is trading far from the 20-day MA and it has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.
The EUR/USD pair has bounced from its support zone on a 30 minute time frame. This support zone is not a fresh level as the price has already visited this level few times therefore, the price may be able to break this support zone if it visits this level again. The pair has broken its upward channel which means that the upward trend is no longer stronger. Moreover, the price is also trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which further confirms that the bulls are losing their control.
اقرأ المزيد
