Daily price is located below 100 day SMA/200 day SMA area for the bearish market condition: the price is ranging within 5541 support level and 6072 resistance level, and RSI indicator is estimating the ranging bearish condition to be continuing. If the price will break 6072 resistance level so the bullish reversal will be started.If price will break 5541 support so the bearish trend will be continuing.If not so the price will be ranging within the levels. ...
"With Japan having recently moved into ‘negative rates’ territory combined with the growing sentiment around an increased possibility of a Brexit, and with a Bank of England meeting on the docket for this Thursday, the potential for heightened volatility remains. And in GBP/JPY, that means any trader taking a position should take notice.""In the near-term, the top-side momentum is notable. We’ve basically seen 500 pips of run since Thursday’s ...
USD/JPY W1 "Last week’s reversal materialized from the neckline of that pattern. This week’s follow through has resulted in a test of the 55 week average. The 2015 high was right at the 1990-1998 line (log scale), so a broader topping formation is still possible." The price is ranging around Central Yearly Pivot at 120.63 waiting for the following direction and targets: R1 Pivot level at 125.41 for the bullish scenario, orS1 Pivot level at 115.41 for the bearish ...
H4 price was on the primary bullish market condition with the secondary breakout: intra-day price broke resistance levels and it was stopped by 1128.05 key resistance on the way to the bullish breakout to be continuing. The price is started to be ranging within 1128.05 resistance and 1108.31 in the primary bullish area of the chart. Chinkou Span line of Ichimoku indicator is located to be above the price for the ranging bullish condition by direction, and Absolute Strength indicator is estimating ...
EUR/USD Monthly "EUR/USD has been holding its long term trendline support since March 2015 (even the January low is right on the line). November and December trade produced a tweezer bottom (reversal candlestick pattern…bullish in this case) as well. 2 scenarios seem most likely from the current juncture; a continued range (with roughly 1.15 resistance) or a bullish base that leads to an eventual breakout into the 1.20s. Both point ...
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