The EUR/USD fell from its resistance level on a 30 minute time frame as predicted. This resistance level was given in our analysis yesterday. The pair has found a support near the 20 day moving average which also lines up with the Fibonacci’s 61.8% retracement level however, the main support area could be near the 1.3497 mark which is mentioned below.Read More
The USD/JPY is trading above its upward trend line on a 30 minute time frame. The price is trading near the 20 day moving average which means that the volatility for the pair is low. The pair is also trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which is a further confirmation that the uptrend is still strong.Read More
The EUR/USD is trading near the support 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 EUR/USD has broken its upward trend line which shows that the upward is no longer in play. The RSI is also trading inline with the price action which confirms that the bias could be toRead More
The USDJPY pair is trading above its upward trend line since it has bounced from its support zone (mentioned below) on a 60 minute time frame. The pair is also trading in an upward channel and has not violated this channel which further confirms that the upward trend is intact.Read More
The GBP/USD is has briefly broken its upward trend line on a 4 hour time frame. The pair is trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bears are in strong control of the price. The MACD indicator is showing that the downward…Read More