Pivot: 1.3235
Most Likely Scenario: short positions below 1.3235 with targets @ 1.3100 & 1.3045 in extension.
Alternative scenario: above 1.3235 look for further upside with 1.3330 & 1.3425 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3235.
Overview:
The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It...
Pivot: 1.4430
Most Likely Scenario: long positions above 1.4430 with targets @ 1.4650 & 1.4700 in extension.
Alternative scenario: below 1.4430 look for further downside with 1.4350 & 1.4300 as targets.
Comment: the RSI shows upside momentum.
Most Likely Scenario: short positions below 1.4530 with targets @ 1.4425 & 1.4365 in extension.
Alternative scenario: above 1.4530 look for further upside with 1.4600 & 1.4665 as targets.
Comment: the RSI is mixed to bearish.
Guys......
Seems very timely a month from June 23rd, please see attached charts for previous success with this pair in particular.
Everything is on the chart for this one, we will be following and updating this closely over the coming weeks/months.
Like and comment your thoughts below,
TheBanker.
www.tradingsignalreviews.com
As you can see, the price is going to touch a support in a 1 hour timeframe. This support may cause the price go up. We can see also that the RSI is almost in its oversold line, it shows that the supply is almost done and it has lost its strength.
My view here is totally clear, LONG wwith target at the next resistence.
Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level.
GBP/USD
Overview:
Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this...
GBP/USD Hourly
1.4076
Overview :
Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday.
Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market...
SUMMARY:
The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks...
The British Pound retains a strong upward tone after of the BOE's economic policy statement, trading a handful of pips above the fresh 4-week high posted last Wednesday, and pressuring the 50% retracement of the latest daily decline between 1.5239 and 1.4078.
Carney says the Bank of England expects real incomes in the UK to grow solidly this year, after several...
This pair was moving to the UP side very nicely but as we can see the prices recently are not touches its upper trend line so it is indicating that pair is losing its bullish strength ...
