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GBP/USD: bearish breakdown. The pair is on bearish market condition located below Ichimoku cloud in the primary bearish area of the chart. The price is ranging within the following key reversal support/resistance levels:

• 1.5239 resistance level located on the border between the primary bearish and the primary bullish trend on the chart, and
• 1.4864 support level located below Ichimoku cloud in the bearish area of the chart.

Descending triangle pattern was formed by the ...

Tags: forex forecast, gbpusd, technical analysis

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EUR/USD H4: ranging bearish breakdown. The price broke Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart to be traded inside Ichimoku cloud for the ranging market condition. There are the following key reversal support/resistance levels for intra-day price:

• 1.1059 resistance level located above Ichimoku cloud in the bullish area of the chart;
• 1.0795 support level located on the border between the primary bearish

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Tags: eurusd, forex forecast, ichimoku, technical analysis

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GBP/USD H4: bearish breakdown. The price is on bearish breakdown located below Ichimoku cloud and below broke Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. There are the following key reversal support/resistance levels for intra-day price:

• 1.5239 resistance level located above Ichimoku cloud in the bullish area of the chart;
• 1.4894 support located below Ichimoku cloud in the bearish area.

Absolute ...

Tags: forex forecast, gbpusd, ichimoku

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Daily price is on bearish market condition with below of 100-period SMA and 200-period SMA:

• the price crossed 42.18 and 41.51 levels to below together with descending triangle pattern for the bearish trend to be continuing;
• next support levels to be broken are 37.31 and 36.29;
• nearest resistance levels are 42.18 and 41.51.

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Tags: bearish breakdown, crude oil, mql5, technical analysis

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M5 price is located near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key reversdal support/resistance levels:

• 1.0958 resistance level located above 100-SMA/200-SMA in the primary bullish area of the chart, and
• 1.0923 support level located below 100-SMA/200-SMA in the primary bearish area.

RSI indicator is estimating the ranging continion to be continuing.

• If the price will break 1.0958

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Tags: eurusd, market condition, price action, technical analysis

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