The EUR/USD pair fell from its resistance level on a 30 minute time frame as predicted. This resistance zone was given in our analysis on 10th of July. The volatility for the pair has gone back to normal as the price is trading within the Bollinger Band and it is close to its 20-day moving averages.
اقرأ المزيدThe EUR/USD pair has bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis on 9th of July. The price is still trading within the downward channel and this upward move could be capped by the upper line of this channel which is acting like a downward trend line.
اقرأ المزيدThe USD/JPY pair has bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis on 3rd of July. The price action has broken its upward trend line for the first time since our last analysis; this simply means that the upward trend has become weaker. Moreover, the price is also trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control.
اقرأ المزيدThe EUR/SEK pair has formed a head & Shoulder pattern on a daily time frame. If this pattern does play out completely, it could push the price towards the 8.40 level. The pair is also trading below the downward trend line which further strengthens the above argument.
اقرأ المزيدThe GBP/USD pair has broken its upward channel on a 30 minute time frame. The break of this upward channel has pushed the price back towards it minor support zone (1.4867-1.4827). The pair is trading below the 50 day (shown in green) and 100day (shown in yellow) which means that the bears are in control and therefore this minor support zone may not hold any more.
اقرأ المزيدThe EUR/USD pair is trading within the upward channel (shown in white) on a 30 minute timeframe. The upward movement of the recent trend is capped by the upper line of this channel which is also inline with a minor resistance level. However, the price is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which could push the price up. Nevertheless, if the price action does break the upward channel, it could face another resistance by a downward channel (shown in purple).
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