The EUR/USD pair is back in the resistance on a 30 minute time frame. This the second time that the price is visiting this level, after already consolidating at this level for some time, so the odds are not as strong as they were before. Having said that, we do have a piercing in…
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The EUR/USD fell from its resistance on a 4 hour time frame. This resistance zone was given in our analysis on the 17th of December. The price did break the 100 day (shown in yellow) moving average and now trading near this average which is acting as a resistance. Moreover, the pair is also trading below the 50day (shown in green) moving average which confirms that the bulls are losing their control and the bias could be still to the downside.
Read MoreFacebook is making all time high on a daily time frame. The stock is trading above the 50day (shown in green) and the 100 (shown in yellow) moving average which means that the bias could be to the upside. The volatility for the pair is also high, as the price is trading away from its 20day moving average and it is almost about to pierce the Bollinger band. The next major resistance according to the Fibonacci projection could be near the 61.60 zone which is mentioned below.
Read MoreThe GBP/USD is trading below the 50 day (shown in green) moving average on a 30 minute time frame. The immediate support zone for the price could be near the 1.6243 which is mentioned below. The CCI indicator is pointing that the price is over sold however, the low on the indicator is still higher as compared to previous low which was on 20 December. This lines up with the RSI indicator which is trading in line with the price action and hence indicating that there may be more correction to come.
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The GBP/USD h entered in a resistance zone on a 30 minute time frame. The pair has pierced the Bollinger band at this level which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance because this could reverse or pause the current trend.
However, the price has broken its downward channel which represents the strength for the price. At the same time, we have the RSI and the CCI indicators which are pointing for a correction.
The EUR/USD ha entered in its resistance zone on a 4 hour time frame once again. This is the third time that the price has entered this resistance zone therefore, it is more likely that this zone may no longer be able to hold the price down. Having said that, it is a still valid zone of resistance
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