The British Pound has been challenging strong resistance with increasing volume . Looking at the chart long term, weekly time frame, I am getting signals telling me that it might move up against the U.S. Dollar, here is why:
Looking at the U.S. indexes, such as the SPX , can support the findings on this chart.
You can see my latest analysis here:
Russell2000 (RUT):
Conditions for change: If the October 2018 low is taken out, then this analysis would become invalid and a new one is needed.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
- Now trading above EMA10 and EMA50.
- Hitting higher lows since October 2018.
- Increasing bullish volume .
- Bullish RSI .
- MACD trending up and entering the bullish zone.
Looking at the U.S. indexes, such as the SPX , can support the findings on this chart.
You can see my latest analysis here:
Russell2000 (RUT):
Conditions for change: If the October 2018 low is taken out, then this analysis would become invalid and a new one is needed.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
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