ZenTrader111

ZenTrader111

The GBP-USD rate earlier breached the -2 standard deviation and has since moved back up towards the mean over the past 100 periods. the chart shows that price has returned back above the -1 standard deviation in the last hour. Long positions should be taken, as the rate will be expected to return to the middle regression line and possibly extending to the +1...

ZenTrader111

The price action has already crossed the first standard deviation of the linear regression, indicating that the price should continue to fall, reverting to the mean over the past 100 periods. The lower standard deviation could act as a take profit level or alternatively, the linear regression line in the middle.

ZenTrader111

An upward move in the CHFJPY rate is expected, as the price has been posting lower lows over the past few days, while the stochastic has been posting higher lows, indicating divergence and a possible trend reversal. A long trade on the pair is suggested as the stochastic has moved out of the oversold zone and the price action is beginning to trend higher. The...