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Daily Briefing- Asia mostly UP and European Stocks little Changed
Currencies EUR/USD- the pair is trading in a downward channel on a 30 minute time frame. The RSI is showing that the bias could be to the downside. USD/JPY- the price has broken its upward channel to the downside on a 30 minute time frame. The USD/JPY is moving towards its minor resistance zone. GBP/USD- the price fell from its resistance level a 30 minute time frame which was given … [Read More...]
Most Asian Markets recorded gains for the week
Asian stock market which traded in the early hours of trading in a negative territory was able to manage close the day mostly in gains. The Shanghai index was the best performer among Asian indices which closed at 2,283 with a gain of 1.39%. The Nikkei 225 also once again managed to close above the 15,000 level with a gain of 0.67%. … [Read More...]
GBP/USD – Fell from Resistance as predicted
The GBP/USD pair fell from its resistance level on a 30 minute time frame. This resistance level was given in our analysis yesterday. The price action has clearly broken its downward channel with medium conviction to the upside. The pair is trading below the 50 day (shown in green) moving average but above its 100 day (shown in yellow) moving average. The price action also respects its upward … [Read More...]
Breaking News
Most Asian Markets recorded gains for the week
Asian stock market which traded in the early hours of trading in a negative … [Read More...]
Today’s Technical Analysis
GBP/USD – Fell from Resistance as predicted
The GBP/USD pair fell from its resistance level on a 30 minute time frame. This resistance level was given in our analysis yesterday. The price action has clearly broken its downward channel with medium conviction to the upside. The pair is trading … [Read More...]
EUR/USD- In a Support Zone Again
Bear Scenario The EUR/USD pair is trading in a support zone once again on a 30 minute time frame. This support zone may not hold as the price is visiting this level for the third time which suggests that there is more selling pressure than buying … [Read More...]
USDJPY – Trading in a upward channel
The USDJPY pair is trading above its 50 day (shown in green) and 100 day (shown in yellow) moving averages on a 30 minute time frame. The price action is also trading within the bullish channel which suggests that as long as the price does not break … [Read More...]
GBPUSD- Trading in a downward Channel
The GBPUSD pair is trading in a downward channel on a 30 minute time frame. The trend within this channel looks like becoming stronger, as the price is trying to break its 50 day (shown in green) moving average to the upside. The RSI is also showing … [Read More...]
AUDUSD- In a support Zone on a Daily Time Frame
Bull case The AUDUSD pair has entered in its minor support zone on a daily time frame. The price has pierced the Bollinger band and the volatility for the pair remains high as the price is trading well below its 20 day moving average. The piercing … [Read More...]
