The USD/JPY pair is trading below the downward trend line on a 60 minute time frame. The price is alos trading below the 100 day (shown in red) but below 50 day (shown in green) and have broken its upward trend lines which means that the bears are in control of the price. The RSI…
Read MoreBank of America’s stock price is trading below the downward trend line on a 4 hour time frame. The price is trading below the 100 day (shown in green) and the 50 day (shown in red) moving average which means that the trend is towards the downside and the bears are in control of the…
Read MoreBMW stock has bounced sharply back up from its support (mentioned below) and it is trading back near the same support zone once again on a 4 hour time frame. The price is trading below the 50 day (shown in green) and the 100 day (shown in red) moving average which means that the trend…
Read MoreThe GBP/USD bounced from its trade zone of (1.6820-1.68) on a 60 minute time frame from OUR Identified level. The support zone was given in our analysis yesterday. In terms of risk to reward ratio, the price moved more than 2:1 which means that at one point, you had twice the profit as compared to…
Read MoreThe GBP/USD is trading in a support zone (1.6820-1.68) on a 60 minute time frame. The volatility for the pair is low as it is trading within the Bollinger band and it is also trading close enough to its 20 day moving average. The pair is also trading below the downward trend line and as…
Read MoreThe USD/JPY pair is trading above its upward trend line on a 60 minute time frame. The price is trading above the 100 day (shown in red) but below 50 day (shown in green) which means that the bulls are losing their grip. Having said that, the price is still trading above its both upward…
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