The GBP/USD has bounced from its support on a 60 minute time frame. The price pierced the Bollinger band at that point and this signifies the importance of the piercing of the Bollinger band at an important level of support or resistance zone. However, such a trade is usually only a small correction and short…
Read MoreApple stock is trading above its upward trend line on a daily time frame. The price is trading in an uptrend and the bulls are in control of the price action as it is trading above the 100 day (shown in red) and 50 day (shown in yellow) moving average. However, it is important to…
Read MoreBarclays bank is stil trading in a downward channel on a daily time frame. The downward channel is a bearish pattern and as long as the price is trading with in this channel the bias is always towards the downside. The price volatility for the stock is low as it is trading near enough to…
Read MoreThe precious metal is under pressure this morning once again on a 4 hour time frame. The price is trading below the 1300 level which is an important level if the price wants to continue its move upward because of the psychological reason. The metal has pierced the Bollinger band and the volatility is high…
Read MoreCrude oil has bounced sharply up after forming a double bottom on a 4 hour time frame. The double bottoms are reversal bullish patterns and when they are formed near the support zone, their significance increases further. However, the price is trading below the 50 day (shown in yellow) and 100 day (shown in red)…
Read MoreThe EURUSD pair is trading above the upward trend line on a 4 hour time frame. The price has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance when this takes place near the important resistance and support zone. The volatility for the pair is high as we are…
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