As of 22/04/2020, EURUSD is currently trending down. EU is currently facing a greater selling pressure, with a steeper downward resistance line compared to a shallower upwards support line.
As EU is in a downward channel (Seen from weekly perspective), there is two ways price can play out from now. As price has been squeezing for the last few days, EU is waiting...
Huge Flag pattern is formed on 4H. Price has broken the previous flag formation, resulting in a larger flag.
As GBPUSD is currently near support, it is deciding on whether the next price movement will be bullish or bearish. A bearish confirmation would be a break of the support zone, for a higher risk trade, an entry can be placed at the break down. For a lower...
This is my analysis on GBPUSD price movement as at 22/04/2020. Still learning the ropes of forex, so please do forgive me for any mistakes.
Currently GBPUSD is at a downchannel, with a flag formation made prior to this. A small break downwards in the flag formation has been seen, but GBPUSD is still within a larger flag formation. With the confirmation of a...
As seen in the analysis, there is a simple regular bullish divergence from two peaks of USDJPY.
Lower highs created by price, higher highs created by RSI shows possible reversal from uptrend to downtrend
