EUR/USD- Broken its Upward channel
The EUR/USD pair has broken its upward channel on a 4 hour time frame. The price is trading below its downward trend line and this is a confirmation that the bias is skewed towards the downside.
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GBP/USD- Price moved from OUR Identified Support zone- 90 Pips in profit
The GBP/USD pair bounced from OUR Identified support zone on a 4 hour time frame. The support zone was given in our analysis on the 29th Feb and the risk mentioned was 36 pips and the price has moved in profit of 90 pips by touching the mark of 1.3960.
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GBP/USD- RSI Showing Bullish Signs
The GBP/USD pair is trading in a major support area on a 4 hour time frame. The price is trading well below its downward trend line and this is a confirmation that the trend is biased towards the downside.
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EUR/USD- Price Fell From OUR Identified Level – 500 pips in Profit
The EUR/USD pair fell from Our Identified resistance level on a 4 hour time frame. The resistance zone was given in our analysis on the 15th of February and the risk mentioned in the zone was 35 pips.
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DAX30- Technical signals showing some sign of strength
The DAX30 index is solidly trading below the downward trend line on a daily time frame. This confirms that the trend is skewed towards the downside. The price is trading well away from this trend line, but it has recovered half it loss from its recent low -with respect to downward trend line.
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AUD/USD- Symmetrical Triangle formed
The AUD/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms the direction of the trend which is skewed towards the upside. The price has also formed a symmetrical triangle pattern.
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