RSI AND RESISTANCE LEVEL SHOWING POTENTIAL FOR GBP TO REVERSE TO THE BASE OF THE CHANNEL AROUND 1.82 ZONE. WITH ALL THE POLITICS SWAYING THE PRICE ACTION IN GBP IT IS MOST LIKELY GOING TO BE A STEADY DECLINE OVER THE NEXT 7-8 WEEKS IN LINE WITH PREVIOUS WEEKLY CYCLES.
OANDA:EURCHF FX:EURCHF FOREXCOM:EURCHF SAXO:EURCHF EURCHF is bouncing from the lower end of a large range. Price action has remained above the large support band between 1.1106 to 1.1200 on the weekly chart. The bullish hammer candle that was posted on the week ending 7th June 2019 suggests that buyers could return in the short term. The daily chart...
The EURUSD on which i am very bullish is setting up for a very good intraday trade on the 4H time frame. Looking to go long at the close of the current candle if it is bullish.
84.5 Strong support area + small RSI divergence + room for the price to go up
Following a weak summer for the US Dollar, momentum has begun to pick up again over the last month as the chances of a December rate hike have increased and traders are starting to price this into the markets once again. In Switzerland, rates remain in negative territory and the Swiss National Bank seem committed to an expansive monetary policy. This policy...
Hello everyone, we can see a kind of breakout of 1.45 level, is it false or pullback for a continuation? I can't tell. I need more signal to decide about which direction to take. For now it seems coming back into the channel. if so, I will go short and target the support level for TP, SL somewhere near 1.46 Notice, this level have been holding price for a very...
See chart. Support @ 1.2870 Resistance @ 1.30230 Can play the range ahead of tonight NFP release, as the market is likely to move sideways before the announcement.
Looking at support and resistance lines plus various moving averages, I would say the DJ transports is like to range for the rest of this year or until September. After this time, this is when the market in general will make a decision about where the market is headed. My bias is for the downside. At the current moment i'd say its a good sell to support.