The EUR/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain above this trend line, the bias may remain for further upside move. The price has pierced the Bollinger band, as shown in the…
Read MoreThe GBP/USD pair bounced from its support zone which was mentioned in our analysis on the 23rd of March. The risk mentioned in that support zone was 48 pips and the price bounced back up to all the way to 1.4287 at one stage. This represents a potential profit opportunity of 269 pips approximately.
Read MoreThe Precious metal 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 are trading below the this trend line, the bias may remain skewed towards the downside.
Read MoreThe EUR/USD pair is consolidating in a side way pattern on a 4 hour time frame. The price movement is very much confined by minor support and resistance zones which are mentioned below. What we mean by this is that that the price has been trading between the range of 1.3872-1.0801, and we need to break out of this zone in order to confirm a new trend.
Read MoreThe GBP/USD pair has broken its upward trend line on a 4 hour time frame. After breaking the upward trend line at 1.4405, the price has been trading below this trend line and this confirms that the trend is skewed towards the downside.
Read MoreThe USD/JPY pair has broken out of its wedge pattern towards the downside on a 4 hour time frame. The pair has not completed its downward wedge pattern yet, however, it is trading in an upward channel pattern.
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