IN SUPPORT OF THE RECENT BUY TREND GBP PULLED BACK TO A STRONG SUPPORT ZONE AND IS SHOWING SIGNS OF RESISTANCE. WITH CONFLUENCES HIGHLIGHTED ON THE CHART SUPPORTING ANOTHER RALLY FOR BULLS, THIS COULD BE A GREAT OPPORTUNITY TO GO LONG.
WITH CONFLUENCES TO SUPPORT THE RECENT DOWNTREND. THIS PAIR IS SHOWING SIGNS OF RESISTANCE AGAIN WHERE OUR BEARERS ARE RALLYING.
CONFLUENCES FOR THE BUY HIGHLIGHTED ON CHART.
WITH CONFLUENCE OF LOWER LOWS BREAKING STRUCTURE ON HIGHER TIME FRAMES, THIS SUPPORTS CAD'S BEARISH PUSH TO THE DOWNSIDE. WITH USE OF GOLDEN ZONE.
WITH CONFLUENCES OF TRENDLINE, PIVOT, MOVING AVGS, SUPPORT, AS WELL AS FAILURE TO BREAK ABOVE PREVIOUS HIGHS. THE BIAS IS DOWN.