After failing to create lower lows in the pre-existing downtrend, the GBPJPY price action has now produced a bullish break-out on the 4 Hour timeframe, surpassing the previous high, thus confirming the start of a possible uptrend.
The previous downtrend has failed to continue creating lower bottoms and could signal the start of a new bullish trend reversal. A...
The USDJPY major currency pair has produced a break-out to the upside from its bullish triangle and continues to create an intraday break beyond previous highs.
Price action has confirmed a breakout from the bullish triangle, created during the last 3 weeks. A close above the formation on Wednesday, as well as an intraday break above previous tops at 116.34, gives...
Price action is close to breaking the previous bottom of 1.0667, which if broken, confirms a double top reversal pattern. An increase in volume at the break of the previous trough will give further confirmation of the bearish sentiment and allow sellers to enter the market with improved vigor and confidence.
The Relative Strength Index (RSI) has printed lower...
EURGBP is breaking below its previous support level, continuing along its downward channel line.
The price action has broken below its previous bottom at 0.8285 and is in the process of creating lower lows, confirming the continuation of the downtrend. Having found earlier resistance from the return line of the Linear Regression Channel, the price has now moved...
NZDUSD has broken above its previous top, confirming bullish strength for the continuation of the uptrend.
The Kiwi pair has broken above its previous top at 0.6808 created on the 23rd of February. This movement reaffirms the bullish trend and is expected to continue creating higher highs.
Price action is still bullish above the Ichimoku cloud, whereas the green...
