EURGBP- The cross saw a follow through lower on Monday. This is coming on the of its Friday weakness. Support lies at the 0.8800 Level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance resides at the 0.8900 level where a violation if seen...
As you can see, the symmetrical triangle was punched down. you can make short sales. Stochastic RSI and MACD confirm downward movement
The red lines represent the target points.
stop loss 3.40
5730, the order is closed. If you look at the chart, you'll see that the stochastic RCI shows overbought and says the price will go down. Also you can notice that the volume of trades decreases, despite the fact that the price is growing. This may indicate a false breakdown of the level of 5600, and the price may go back down
on this graph you can see how already once PAY tested the resistance at 1.95. If you look, you will notice that the stochastic RSI is directed upwards, the MACD has made the cross up, as well as some increase in the trading volume. This indicates a future growth.
buy ------- 2
stop-loss -- 1.85
target 1 ---- 2.28
target 2 ---- 2.82
Wait for the confirmation...
Now it is important to monitor the volume of trade. On the two-hour interval, we see that the last two red candles were closed by "bullish engulfing", which tells us that there are more buyers, which means that the price will rise. open deals at 5630, stop-loss at the level of 5350.
This idea is confirmed by the growth of the trading volume, as well as the transition of the histogram of the MASD into a positive trend. I recommend opening deals from 0.22, at the level of the last resistance.
It looks like the market reached the bottom. We see that 0.024 support level could stop falling market. If the market bounces from it, this new swing low will be higher that the previous one. It will be good confirmation of possible upward movement.
Well i explained already everything in the chart in green color. The RSI and Momentum indicator clearly show that it is time to buy GBP/USD and to enjoy the ride.
Could see a great swing entry from GBPJPY. We have a strong weekly resistance currently be respected now as support as GBPJPY jumped 100 pips overnight Sunday to Monday
The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for...
The Yen fell down, then grew up and is still trading in the local consolidation below the resistance 113.20. So nothing has changed here and we still should consider opening long positions after a breakout of the resistance level. A move should be sharp and on large volume, so it will be a more accurate signal. A stop loss should be placed below the breakout...
