The GBP/USD pair is trading deep in its resistance zone on a 30 minute time frame. The price is spending too long at this level which means that this level of resistance may not be able to reverse the trend as bulls are in strong control. The pair is trading above the 50 day (shown in green) and the 100day (shown in yellow) moving averages which further confirm the above argument.
اقرأ المزيدThe USD/JPY pair fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis yesterday. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which confirms that the bulls are still in control. However, the price has pierced the upward trend line twice but it is trading above this line and this represents the weakness for the uptrend
اقرأ المزيدThe USD/JPY is moving in an upward direction on a 30 minute time frame as predicted. However, the price has pierced the upward trend line twice yesterday but it is trading once again above this line. This represents the weakness for the uptrend but the bulls are still strictly in control of price. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which confirms the above argument.
اقرأ المزيدThe GBP/USD pair fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis yesterday. The price has formed a symmetrical triangle pattern in an uptrend and historically speaking, these patterns do break in the direction of the trend. If this pattern does play out completely we could easily see the price near the off white rectangle.
اقرأ المزيدThe GBP/USD pair is approaching towards its resistance zone (mentioned below) on a 30 minute time frame. The price action is trading above the 50 day (shown in green) and the 100-Day (shown in yellow) moving averages which show that the bulls have taken the control. 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/up towards its mean.
اقرأ المزيدThe USD/JPY pair completed its bullish pattern to the upside on a 30 minute time frame as predicted. This bullish pattern and move to the upside was predicted in our analysis on 12th July. The price is trading below the 50 day (shown in green) and trading near the 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control. If the price action does break the 100 day moving average than the bias could be to the down side.
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