The Crude price is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is still skewed towards the downside. The price is trading above the 50 day and 100 day moving averages shown in yellow and red colour respectively.
Read MoreThe 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 9th of February and the risk mentioned in the zone was 35 pips. The price has moved all the way to 1.1258 at one stage which was nearly 95 pips in profit.
Read MoreThe EUR/GBP currency is trading above its upward trend line on a daily time frame. This confirms that the trend is skewed towards the upside. The price was trading outside the Bollinger band but now it is retracing towards its 20 day moving average which confirms that the volatility is easing off.
Read MoreThe USD/JPY trade has ripped towards the downside on a 4 hour time frame. The pair has pierced the Bollinger band and this represents that the volatility is high.
Read MoreThe USD/JPY pair bouncing from its support of (114.24-113.73) on a 4 hour time frame. The support zone does has a significant importance as the price has not touched this level since November 2015. The price is still trading below the downward trend line and as long as the price stays below this line, the bias remains towards the downside.
Read MoreThe EUR/USD pair is trading above its upward trend line on a 4 hour time frame. The price is trading within the Bollinger band and this confirms that the volatility has eased off and the price is close its 20 day moving average. However, it also means that we may see the price moving away…
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