JohnnyPurtoy98

JohnnyPurtoy98

The GBPUSD pair has been quite an interesting pair lately. We have seen the GBP make some substantial gains against the USD in recent weeks. This pairs price has seemed to reach a resistance zone, which can be seen by the solid red line. This seems to be a strong resistance, its already been tested 4 times over the past couple of days and it hasn't given in yet....

JohnnyPurtoy98

For the past month this pair has been moving steadily within a bullish channel. Today the price has reached a very strong resistance zone, which happens to be a multi-month high. The price looks as if it would start to move down from here as it reaches the resistance level. Regular divergence is easily spotted on this pair and a lot of the other EUR pairs. The...

JohnnyPurtoy98

The price currently seems to be moving upwards in a bullish channel. The price has tested the resistance level of the channel on a number of different occasions, all of which have failed, the price has just tested the resistance once again and I believe the same to be true. Over the last month we have saw the price teste the resistance two times, on both of these...

JohnnyPurtoy98

The price is currently in a bearish channel, the channel is very small, look out for a breakthrough either side of the channel. I would keep everyone updated over the coming days on my findings.

JohnnyPurtoy98

The price is still ranging, I would update when the price shows signs of breaking out. Keep an eye on the market over the next couple of hours as the price is testing the support of this range.

JohnnyPurtoy98

Looks like the price has pushed down since my last analysis and is testing the support zone right now. This pair needs to be watched for a breakout, which could take place within the next few hours.

JohnnyPurtoy98

This pair still seems to be trading inside this bearish channel. This pair needs to be watched for a breakout the top of this bearish channel as the price is heading towards a number of strong support levels. I would keep everyone updated over the coming days.

JohnnyPurtoy98

The resistance level has now proved to be strong as it has bounced the price twice now, it is not clear which direction the price would move from here as the price seems to be stuck in a range. The pair needs to be watched for a breakthrough the support or the resistance of this range.

JohnnyPurtoy98

The price is currently retracing, it is approaching the 0.382 level, which may be the level which the price would bounce. This pair needs to be watched over the coming hours and days for a bounce.

JohnnyPurtoy98

It looks like the price has pushed and is currently testing the resistance level of this symmetrical triangle. It is also at a short-term resistance level, it could be very hard to push past this level at the moment. This currency needs to be watched over the coming days to see if it is going to break or not. If the price breaks then we could see a push to the...

JohnnyPurtoy98

It looks like this pair has managed to breakout the lower end of the ascending triangle. It looks like the price has now reached a long standing strong support, it would be interesting to see if the price has got enough bearish momentum to break this support. The RSI is currently at an oversold level as the price moves and touches the support level, this indicates...

JohnnyPurtoy98

It is very likely that a retracement is going to take place soon with this currency pair, due to the overextended market conditions. I believe that the price would retrace to the 0.382 level on the Fibonacci retracement, this is also inline with the neckline of the double top that had formed before this bearish move.

JohnnyPurtoy98

The market seems to be ranging currently, this seems to be due to a lack of volume. Once the price breaks out the resistance or support level we would be able to clearly see a direction of price for the next few days. I would post again once this pair has started showing signals of breaking through the support or resistance level.

JohnnyPurtoy98

It looks like an ascending triangle has started to form at the bottom of a significant bearish move. This means that the triangle is signalling a reversal and the price usually would break out the resistance level of the triangle. I would keep everyone updated on this over the coming days.

JohnnyPurtoy98

A head and shoulders pattern may has started to form, this can not be confirmed until the full pattern has been confirmed. I would keep everyone updated on this pattern over the coming weeks.

JohnnyPurtoy98

It looks like the price has moved below this previous resistance level and has bounced. The price had formed a long legged doji as it touched the support and then started to produce bearish candles. The RSI is supporting a bearish movement at the moment. Overall I think the price of this pair would fall in value over the next couple of days. I would keep everyone...

JohnnyPurtoy98

The price has successfully bounce off the broken support, which is now acting as a resistance level. Also, the price has started to form a bearish channel. This indicates over the next few days we are very likely to see bearish moves, this outcome is also preferred by the RSI as it is in a bearish position. I would keep everyone updated on this pair over the coming days.

JohnnyPurtoy98

It looks like the price has retraced and bounced twice of the 0.382 level of the Fibonacci retracement levels. This shows that the currency pair has not got enough strength to move further up. This looks to be the end of the retracement and further bear moves are looking more and more likely, the RSI is currently in a neutral position.