The EUR/GBP pair is challenging its downward trend line on a 240 minute time frame. If the price breaks this downward trend line and stays above it, this will be a confirmation that the bears have lost their control. The price is also trading below its 100 day (shown in yellow) and the 50 day…
Read MoreUsd For Friday payroll number, we are expecting a strong number and the headline could beat the number by 15-20K than the forecast. Dollar may remain strong and could continue its move towards the upside especially against GBP and euro (both have their meetings today which will push the currencies lower). Gold 1100 could be reached by year…
Read MoreCrude oil has been under tremendous selling pressure for the past few weeks. The time frame that we are going to look at is the weekly time frame so it is important that you re comfortable with your risk as the support/ resistance zones are going to big. By looking at the weekly chart, we…
Read MoreThe GBP/USD has formed a descending triangle pattern on a 60 minute time frame. These are the bearish form of patterns and once broken towards the downside, it could push the price towards the 1.5597 mark. The volatility for the price is low, as it is trading within the Bollinger Band and close enough to its…
Read MoreThe GBP/USD pair is trading below the downward trend line on a daily time frame. This clearly represents that the bears are in control of the price and the trend is towards the downside. The price is also trading below the 50 day (shown in red) and the 100 day (shown in yellow) moving average…
Read MoreThe EUR/USD has bounced back up strongly from its support zone on a 240 minute time frame. The support zone was given in our analysis on the 6th of October. The price has broken two of its downward trend line but still trading below its final downward trend line. The pair has broken its 50…
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