EURGBP broke the downtrend line
price rebounded from the demand zone around 0.8320
price above HVN around 0.8345
price above SMA 100
RSI above 50
if the price breaks resistance level 1 around 0.8380 it will confirm bullish movement to resistance level 2 around 0.8540
GBPCHF rebounded from daily supply zone around 1.2200
price broke uptrend line
RSI in downtrend line below 50
MACD shows weakness of bullish momentum
so its expect bearish movement to HVN around 1.1960
Evening Traders,
Today’s analysis – GBPJPY- trading below Daily S/R where a rejection is probable,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- Local S/R Support
(.382 Fibonacci Confluence)
- Oscillators Neutral
GBPUSD’s immediate price action is trading below Daily S/R allowing for a bearish bias.
The current support is in...
Evening Traders,
Today’s analysis – GBPNZD- trading above Local S/R, acceptance here is indicative of strength,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Daily S/R Target
- RSI Bullish Control Zone
GBPNZD’s immediate price action is impulsive above Local S/R which is in technical confluence with the...
Evening Traders,
Today’s analysis – GBPJPY- trading under Local S/R with bearish price action, further downside probable,
Points to consider,
- Price action impulse
- Local S/R Resistance
- .618 Fibonacci & 200 EMA confluence
- Low volume
GBPJPY’s immediate price action is trading under Local S/R, therefore any rallies are considered bearish retests....
Evening Traders,
Today’s analysis – AUDUSD – impulse sell from swing high, further downside probable,
Points to consider,
- Trend bearish
- Daily S/R Support
- Local S/R Resistance
- Oscillators approaching oversold
- Volume below average
The immediate trend for AUDUSD is bearish due to impulse sells. This allows us to have a bearish bias on the market....
Evening Traders,
Second analysis – AUDJPY- price putting in a range deviation, any rallies are to be faded.
Points to consider,
- Trend bearish PA
- Range High Resistance
- Range Low Support
- Oscillators Extended
- Low Volume
AUDJPY’s immediate price action is bearish by establishing a range deviation; this allows us to have a bearish bias on the market....
