The USD/JPY pair is trading within the support zone on a 30 minute time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control. However, the pair is still trading above the rising trend line and has not broken this line once which confirms that the upward trend is still intact.
Read MoreThe GBP/USD pair is bouncing from its support zone on a 30 minute time frame. The price action is trading above the 50 day (shown in green) but below the 100day (shown in yellow) moving averages which show that the bears are losing their grip. However, the pair is still trading below the downward trend line which could keep the downward on the GBP/USD unless the price breaks this downward trend line. A close of the price above this trend could determine the further continuation of the upward move.
Read MoreThe USD/JPY pair is trading near its resistance zone on a 30 minute time frame. The price is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are in control. Moreover, the pair is also trading above the rising trend line and has not broken this line once which further confirms the strength of this upward trend.
Read MoreThe EUR/USD pair has formed a symmetrical triangle pattern on a 30 minute time frame. If this pattern does break out towards the upside it could easily push the price towards the yellow rectangle shown on the chart. Historically speaking, symmetrical triangles do break towards the upside in a downward trend. However, if this does break towards the downside, then the price could go towards the pink rectangle shown on the chart.
Read MoreThe GBP/USD pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis 26th of June. The price action is trading above the 50 day (shown in green) and 100day (shown in yellow) moving averages which show that the bulls have taken the control.
Read MoreThe shinning metal bounced from its support which was given in our daily video analysis yesterday. The volatility for the precious metal remains extremely elevated as the price has pierced the Bollinger and the price is far away from its 20 day moving average. The piercing of a Bollinger band at an important level of support does have a significant importance as this could reverse the trend or push the price back up towards its mean before the bigger trend takes over again.
Read More
