GBP / USD broke a week-long bullish channel on January 5th The pair saw a steep decline and hadeeth consolidated into a bear flag pattern Which is best seen on the hourly candlestick charts. The hourly RSI indicator remains in a downward trend as seen in the Chart Below. FOLLOWING the U.S.
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GBP / USD broke a week-long bullish channel on January 5th The pair saw a steep decline and hadeeth consolidated into a bear flag pattern Which is best seen on the hourly candlestick charts. The hourly RSI indicator remains in a downward trend as seen in the Chart Below. FOLLOWING the U.S.
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FXtimes Nick Nasad and Fan Yang Give Their Technical Update for All the Major Currencies
A look at three interesting Euro crosses as the EU summit once again ice Unable to instill confidence. We Also look at the highlights for the week ahead on the Economic calendar, Which is a busy one this week. I will not spend much time on the EU summit today after our
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The 4H GBP / CHF chart shows a bullish market hock That Turned sideways, but is still trading about the 200 period moving average. There HAS been a rally since the market tagged the 200SMA Treating it as support. The rally hock Brought the market to the first 4540 -1. 4550 area, Which speed
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EUR / USD: EUR ice Currently trading at first 3454 after making a high of first 3521 levels. The euro is trading under pressure and risk sentiment fades after ECB chief Draghi told the European Parliament That the downside risk to the EU HAD Increased and Also added That peasant Purchases must be limited. It must
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The 4H GBP / CHF chart looks like ITS Developing a double top, Where The second top ice Slightly higher. Note the RSI is showing bearish divergence as well. The first 4370 level is the base of this topping formation. Also note the Possible completion of a five-wave impulse structure. A break Below the first 4370
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After breaking Below The 0th 8950 pivot, USD / CHF found support right above the 0th 8800 at the 0th 8805th The market is in a double bottom Attempt after a second Attempt to crack the 0th 88 failed. At the moment the rally from this rebound is solid Below 0th 8880 and another Attempt to test this double bottom " "
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The pair is in a broad consolidation pattern Below the first 4580 resistance area and current sell-off from the first 4550 is expected to ask the final slide to complete That pattern. Technical indicators on the larger frames are neutral and trading is situated Below The 50 and 200 daily SMAs, Currently projected at first 4301? And first 4020th
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We have not witnessed any four-hour closing Below The support level at first 3515, while the pair rebounded to the upside after Reaching this level to confirm That the Breach of the main resistance of the downside trend is still affecting the pair Positively and changed the trend over intraday basis. Stochastic
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