The EUR/USD pair has entered in a major support zone on a daily time frame. The price has also pierced the Bollinger band at this level. The piercing of the Bollinger band does have significant importance when this takes place at an important level of support or resistance because it increased the odds of change…
Read MoreThe USD/JPY pair has fallen from its resistance zone on a 60 minute time frame. However, the price is still trading near the resistance zone and it could have another attempt on the resistance zone. What will be important o see in that instance will be if we have any kind of reversal pattern forming…
Read MoreThe EUR/USD is trading below the downward trend line on a 60 minute time frame. The pair is trading in a symmetrical triangle pattern and these patterns are ranked on the bottom of the pattern recognition chart because of their unreliable price projection. The pair is trading below the 50dy (shown in red) and the…
Read MoreThe GBP/USD has bounced from our Identified support zone on a 60 minute time frame. The support zone was given in our analysis last week. However, we do not have the 1:1 or 2:1 ratio, therefore it may not be a good idea to move the stop to break even because according to the trading…
Read MoreThe EUR/USD is trading in a symmetrical triangle pattern on a 60 minute time frame. These patterns are ranked on the bottom of the pattern recognition chart because of their unreliable price projection. The pair is trading above the 50dy (shown in red) and the 100 day (shown in green) moving average which means that…
Read MoreGlaxo smith stock price is under tremendous selling pressure on a daily time frame. The price is sharply trading below the downward trend line. The stock has also pierced the Bollinger band and it is trading away from its 20 day moving average which means that the volatility for the price is high. The piercing…
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