JohnnyPurtoy98

JohnnyPurtoy98 Updated 

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

A bearish pennant has seemed to form after a significant bearish move, this could be a sign of more to come. Looking at the chart now it looks like the price has entered a period of consolidation and would continue to move further down over the next day or two. The RSI has moved into a position to allow further bearish moves without being oversold. The price could...

JohnnyPurtoy98

The price has formed a bullish channel after breaking the previous bullish channel, there is a chance for history to repeat itself. The price has started to make its way towards the support level of this channel, if the price is able to break below the support we could see some major drops in the value of this pair

JohnnyPurtoy98

The price seems to be starting to form a bearish flag, it is still in its early stages, it should give us an idea within a couple of hours if the price is forming a bearish flag or not. The price had recently dropped a lot, this had cause the RSI to move into an area of being oversold. The price is currently in a period of consolidation, this would allow the RSI...

JohnnyPurtoy98

It seems like this pair is going to be moving down even further than it already has, this comes from the fact that a bearish flag is forming. The flag had started to form as the RSI hit the oversold level, meaning this could very well be a period of consolidation. An eye should be kept on which side the price breaks out the flag, it is very likely that the price...

JohnnyPurtoy98

This area looks to now be holding as a resistance level, this is after the price had previously broke it as a level of support. The price has just recently moved inside the zone and seems to have broken out the bottom, this could possibly be a break. The best idea at this moment would be to watch the market until a stronger signal can be spotted. The RSI is...

JohnnyPurtoy98

A n inverted head and shoulders pattern seems to be forming on the 1D chart. The left shoulder has been completed and the head is currently being formed, over the short term period, we should see this pair climbing up to the neckline of the pattern. Then if it is a head and shoulders pattern we would see the right shoulder start to form. I will be updating this...

JohnnyPurtoy98

The head and shoulder pattern, has been forming for almost a year now! The pattern has seemed to form but the price seems to be stuck between the neckline of the pattern (red) and a resistance level (blue). There is only a matter of time before this pattern breaks through, if this pattern manages to break through the support level (red) the price could go as low...

JohnnyPurtoy98

This pair looks to have moved down a significant amount over the last couple of days, the pair has strong downward momentum. This pair has managed to recover a little moving in a bullish channel, it is currently testing the support level of this channel while the RSI is testing the oversold level simultaneously. I believe we would see this pair rise a little over...

JohnnyPurtoy98

The price seems to have reached a strong support level and is not looking as if the price is going to move up from here. The price is currently moving within a bearish channel, the price is currently testing the support of the channel, this perfectly lines up with a strong support level (red). The price currently does not look like it has enough momentum to...

JohnnyPurtoy98

The price seems to have approached a resistance level, and I believe the price could be getting ready to move down from here, the resistance level Is a strong one and has been rejected 4 times. This is also being confirmed as the prize is moving into the zone the RSI is fast approaching the resistance level. This is making it look more and more likely for the...

JohnnyPurtoy98

We seem to be testing the support level which has managed to hold over the last couple of months. This comes after the price managed to breakout the support level of the channel and it tested the level again which then acted as a level of resistance. The price has managed to move to a new low and seems to be testing the strong support level, if the price at this...

JohnnyPurtoy98

It looks like this pair is going to start increasing in value over the coming weeks, as we can see the price has managed to break out the wedge with no real momentum. But now the price s currently testing a very strong support level and if the price bounces at this level it is very likely that the price will rise from here. I would keep this graph updated as I...

JohnnyPurtoy98

It looks like we are going to see some bullish momentum over the coming weeks for this pair, it seems like the price has touched the support level and lost most of its pushing momentum. This shows that the price is not looking strong enough to break through this critical support level, if this support level holds then this would mean the price is going to move up...

JohnnyPurtoy98

It looks like the price has managed to breakout this parallel channel and is still within the bullish channel. Once the price broke it retraced and tested the resistance level of the bearish channel and the level looks now to be acting as a level of support. It is very likely that we might see bullish gains over the coming days. The RSI has positioned itself in a...

JohnnyPurtoy98

The price seems to have managed to breakout the channel, but is now struggling to make any further gains, the previously broken resistance has been tested twice now and if the price level holds then it seems like the price could be getting ready to make some bullish gains. I believe this is just a period of consolidation and the price is going to soon gain...