The EUR/USD pair has formed a symmetrical triangle pattern on a 30 minute time frame. If this pattern does break out towards the upside it could easily push the price towards the yellow rectangle shown on the chart. Historically speaking, symmetrical triangles do break towards the upside in a downward trend. However, if this does break towards the downside, then the price could go towards the pink rectangle shown on the chart.
اقرأ المزيدThe GBP/USD pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis 26th of June. The price action is trading above the 50 day (shown in green) and 100day (shown in yellow) moving averages which show that the bulls have taken the control.
اقرأ المزيدThe shinning metal bounced from its support which was given in our daily video analysis yesterday. The volatility for the precious metal remains extremely elevated as the price has pierced the Bollinger and the price is far away from its 20 day moving average. The piercing of a Bollinger band at an important level of support does have a significant importance as this could reverse the trend or push the price back up towards its mean before the bigger trend takes over again.
اقرأ المزيدThe USD/JPY pair is approaching its resistance zone (99.14-99.48) on a 30 minute time frame. It appears that the price started to consolidate before the zone which has two sides of the argument. This represents that there is enough selling pressure at this zone which is stopping the price to enter this zone.
اقرأ المزيدThe EUR/USD pair has violated its support zone on a 30 minute time frame as the price as touching this support zone for the third time. However, the price action has broken its downward channel to the upside which is a bullish sign for the pair. Moreover, the price is also trading above the 50…
اقرأ المزيدThe AUD/USD pair bounced from its support zone (91.67-90.86, mentioned below) on a daily time frame. This support zone was given in our analysis on 11th June and it is a fresh level of support for price action. Last time the price was at this level was in September 2010. The strength of this upward…
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