sbeavis

sbeavis

Price is at critical resistance level, MACD rolloing over and RSI overbought. Entry: 0.7100 or close to Stop: 30 pips Target: 0.7025

sbeavis

Price is at critical level of resistance, MACD rolling over and RSI oversold Entry: 0.7100 or near to Stop: 30pips Target:0.7025

sbeavis

We have touched trendline resistance trendline at 1.3100 and price action is turning down, macd rolling over and RSI retreating from over bought territory. Sharp sell of in Oil has boosted this pair to the upside, but now room for re-appreciation which weill add strength to the CAD. Form a technical standpoint it looks as though BOC rate statement will also add...

sbeavis

Price action around the 0.8850 level suggests a reversal away from trendline resistance and headed back down towards 0.8730. MACD is ready to roll and RSI already turned down. Prior selling of GBP this week gives it room for recovery post Carney speech and possibly better Brexit news. Draghi not likely to say much to encourage buyers of the Euro, as...

sbeavis

Technically we are into overbought territory and have a MACD that looks like it really wants to turn up. Similar setups can be seen on other GBP pairs - e.g GBPNZD. Expect good news from BOE Gov Carney or some positive update re Brexit which should really turn the tide on the pound. If no noticeable upside price action prior, we may have to wait until Friday...