The GBP/USD pair has failed to break its downward line on a 30 minute time frame. The price is trading below the 50 day (shown in green) and 100day (shown in yellow) moving averages which means that the bears are in strong control. The RSI is also trading in line with the price action which…
اقرأ المزيدThe EUR/USD pair has bounced back up from its support zone on a 30 minute time frame. This support zone was given in our analysis yesterday. The price has also broken its downward trend to the upside which means that the bulls are taking the control. The price action is also trading above the 50day…
اقرأ المزيدThe EUR/USD pair is trading below the downward trend line on a 30 minute time frame. The price has not challenged or broken this trend line which represents the weakness for the pair and bias could be to the downside. The EUR/USD is trading below the 50-day (shown in green) and 100-day (shown in yellow)…
اقرأ المزيدBull Case
The USD/JPY pair has broken the symmetrical triangle pattern to the upside on a 30 minute time frame. If this pattern does play out completely then it could easily push the price towards the 99.93 resistance level. The price is also trading above the 50 day (shown in green) and 100-day (shown in yellow) moving averages which further confirm the strength of the upward trend. The volatility for the pair remains low as the price is trading close to its 20-day moving average.
اقرأ المزيدThe USD/JPY pair fell from its resistance on a 30 minute time frame as predicted. This resistance level was given in our analysis yesterday. The price is visiting the same level again for the third time and there are more chances that this level may not hold anymore this time. The price is trading above the 50-day (shown in green) and 100-day (shown in yellow) which means that the bulls have taken the control. The RSI is also trading in line with the price action which means that the bias could be to the upside.
اقرأ المزيدThe USD/JPY pair is trading in its resistance zone on a 30 minute time frame. The price has taken its downward trend line and it is trading above its upward trend line which shows that the momentum has changed hands from bears to bulls. The pair is also trading above its 50 day (shown in green) and 100 day (shown in yellow) which further strengthen the above argument. However, the RSI is showing a clear sign of deflection in relation to the price action which means that the price is making higher highs and the RSI is not. Therefore, the bias could be to the downside.
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