RustamFX

RustamFX

EURUSD 1h time frame has recently formed double top pattern. I am expecting the price go down to the neckline/support area in the graph. If the price pulls back slightly after touching that support area, we can expect next sharp decline and target the area at around 0.94000. The second scenario is price breaking the neckline and the neckline becoming the next...

RustamFX

GBPUSD pair recently (Sep 23, 2022) tested a very strong resistance level from February, 1985. For a short-term period, I am expecting further depreciation of GBP. It has formed Bearish Pennant Pattern and is expected to continue the downtrend. Now the pair is at the current resistance area in the graph, where it serves as a support level if it continues going up....

RustamFX

-Possible bullish flag pattern in 1D and 4h time frame - Testing the trend channel. If it bounces back, possible appreciation up to 1.37000 area or more - Stochastic RSI is showing strong bullish divergence in 1h time frame

RustamFX

- Possible Bearish Rising Wedge in 1h and 4h time frame -Possible drop-in during a long time period till 1720-1730 area