Pound seems to be regaining strength. Ascending trendline bounce off 1.30447 and retraced. currently resting on 38.2% Fib zone. 78.6% retrace (1.35233) then if we break ,1.36584 sellers tried to drive price down but failed. looking out for fundamentals to help drive price up.
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Underlying:GBPUSD
Time frame:1D
the MACD on the chart is very unusual.. When you look at th etwo EMA's on it, you will see it is declining steeply. This is not sustainable!!
When they decline so fast you will normally see an ...
Potential reversal zone 152.80 - 154.60
I am currently looking at this zone to start selling the GBPJPY pair.
Why?
GBPJPY has increased by 8% in this latest push and a 10% total increase is easily reachable. Over the last 355 days GBPJPY from low to current has increased by around 20.4% which is a big move. The MACD indicator is now starting to move above the ...
Recently the Pound reversed its direction against the Australian Dollar and formed a medium term channel patter, which just recently did something that was largely unexpected.
The pair has revealed a large scale triangle pattern by breaking a medium term ascending channel pattern, which was expected to represent one of the many rates rather long term ascends. If ...
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Underlying:EURGBP
Time frame:1D
EURGBP is now starting to find some nice support, this coincides with previous resistance and support. If you look at the Fibonacci retracement tool you will also see price hit the .5 ...
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Underlying: GBPUSD
Time frame: 1D
I wanted to get this out before the week starts again. The pink zone is where I am looking at for a potential reversal zone. The MACD EMA's are trading significantly above the centre line ...
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Underlying: GBPJPY
Time frame: 1D
A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because of ...
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Underlying:GBPAUD
Time frame:1D
First of all, the break out, You will see that GBPAUD was hitting support each time and bouncing. We then got a break out of the wedge in the last two weeks and a significant move away from it. ...
After last friday fibo channel on GOLD this time EuroSterling got his numbers. It doesn't need to be described. Practice fibonacci tools along with harmonic patterns and take an advantage when playing with market. Good luck.
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Underlying:GBPUSD
Time frame:1D
GREAT! GBPUSD just entered our zone to buy! I will be taking a small buy position. I do expect price to hover around in the zone but want to get a small position now just in case it decides to ...
Hello traders
Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break
Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line
We might be retesting ...
After the Euro plummeted against the British Pound in the middle of September, the rate rebounded against a dominant support line. As a result of the rebound a junior channel down pattern has revealed itself. Due to that reason the rate is set to decline in the medium term.
Meanwhile, in regards to the short term, the pair is squeezed in between the resistance of ...
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Underlying: GBPJPY
Time frame: 1D
I have kept people up to date with this chart over the last week or so. GBPJPY is possibly going to have one more leg up into the pink trading zone. When price reaches that zone I will look to take a ...
As PA has flattened near to 61% and 2017-07-14 low with H4, D1 bearish momentum weakening and very low ADX (H4) (which may stand for reverse), I will try to be patient and base on Daily and Weekly TF technicals I will wait for another leg down which will complete gartley 222 D-leg pointing 61% fibo retracement. If PA will break yesterday high I will change my ...
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Underlying: GBPUSD
Time frame: 1D
Looking at GBPUSD you can see it was in a wide, inclining range (shown with the orange trend lines). Price broke out to the upside and is now retesting it. This falls in line with the saying past ...
