The FTSE 100 is trading above its upward trend line on a 30 minute time. The volatility for the pair is high as the price is trading far from the 20-day MA and it has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.
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The GBP/USD pair is trading above its upward trend line on a 30 minute time. The volatility for the pair is high as the price is trading far from the 20-day MA and it has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.
The EUR/USD pair has bounced from its support zone on a 30 minute time frame. This support zone is not a fresh level as the price has already visited this level few times therefore, the price may be able to break this support zone if it visits this level again. The pair has broken its upward channel which means that the upward trend is no longer stronger. Moreover, the price is also trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which further confirms that the bulls are losing their control.
Read MoreApple has touched its resistance level on a 4 hour time frame yesterday. However, it is important to know that this resistance level is not a fresh level as the price has already touched this resistance zone before. The price is also piercing the Bollinger band at this level and it is trading away from its 20 day moving average. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.
Read MoreThe EUR/USD pair is consolidating within its resistance zone on a 30 minute time frame. This means that there may not be enough selling pressure at this zone and the bulls may be able to break through this zone. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which further confirms that the bulls are in control of the price.
Read MoreThe GBP/USD pair has broken its upward trend line on a 30 minute time. The price is trading below the 50 day (shown in green) and the 100day (shown in yellow) moving averages which means that the bears are in control. Moreover, the price is also respecting its downward trend line and has failed so far to break this line to the upside which further confirms the above argument.
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