The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the downside and as long as we remain below this trend line, the bias may remain for further downside move. The price has pierced the Bollinger band, as shown in the…
Read MoreCrude oil has broken its downward trend line on a daily time frame. This confirms that the downward trend is no longer in play and the bias is skewed towards the upside. The price is also trading above the 50 (shown in yellow – Price 37.17) and 100 day moving averages (shown in red- Price…
Read MoreThe DAX index has broken its downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the upside. The price has also broken its 20 day moving average towards the upside and this confirms that the bulls are taking some control of the price. However, we are still…
Read MoreApple is trading in an upward channel on a 4 hour time frame. This confirms that the trend is towards the upside. As long as we trade within this channel, the bias remains towards the upside. The stock price is also trading above the 50 (shown in yellow and the price is 106.53) and 100…
Read MoreThe EUR/USD pair is trading in an upward wedge pattern on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain within this channel, the bias may remain for further upside move. The price is trading above the 50 (1.1384) and 100 day (1.1298)…
Read MoreThe GBP/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as we are trading below this trend line, the bais may remain skewed towards the downside. The price is also trading below the 50 and 100 day…
Read More
