JohnnyPurtoy98

JohnnyPurtoy98

It looks like the price has pushed and is currently testing the resistance level of this symmetrical triangle. It is also at a short-term resistance level, it could be very hard to push past this level at the moment. This currency needs to be watched over the coming days to see if it is going to break or not. If the price breaks then we could see a push to the...

JohnnyPurtoy98

It looks like this pair has managed to breakout the lower end of the ascending triangle. It looks like the price has now reached a long standing strong support, it would be interesting to see if the price has got enough bearish momentum to break this support. The RSI is currently at an oversold level as the price moves and touches the support level, this indicates...

JohnnyPurtoy98

It is very likely that a retracement is going to take place soon with this currency pair, due to the overextended market conditions. I believe that the price would retrace to the 0.382 level on the Fibonacci retracement, this is also inline with the neckline of the double top that had formed before this bearish move.

JohnnyPurtoy98

The market seems to be ranging currently, this seems to be due to a lack of volume. Once the price breaks out the resistance or support level we would be able to clearly see a direction of price for the next few days. I would post again once this pair has started showing signals of breaking through the support or resistance level.

JohnnyPurtoy98

It looks like an ascending triangle has started to form at the bottom of a significant bearish move. This means that the triangle is signalling a reversal and the price usually would break out the resistance level of the triangle. I would keep everyone updated on this over the coming days.

JohnnyPurtoy98

A head and shoulders pattern may has started to form, this can not be confirmed until the full pattern has been confirmed. I would keep everyone updated on this pattern over the coming weeks.

JohnnyPurtoy98

It looks like the price has moved below this previous resistance level and has bounced. The price had formed a long legged doji as it touched the support and then started to produce bearish candles. The RSI is supporting a bearish movement at the moment. Overall I think the price of this pair would fall in value over the next couple of days. I would keep everyone...

JohnnyPurtoy98

The price has successfully bounce off the broken support, which is now acting as a resistance level. Also, the price has started to form a bearish channel. This indicates over the next few days we are very likely to see bearish moves, this outcome is also preferred by the RSI as it is in a bearish position. I would keep everyone updated on this pair over the coming days.

JohnnyPurtoy98

It looks like the price has retraced and bounced twice of the 0.382 level of the Fibonacci retracement levels. This shows that the currency pair has not got enough strength to move further up. This looks to be the end of the retracement and further bear moves are looking more and more likely, the RSI is currently in a neutral position.

JohnnyPurtoy98

The price has formed a descending triangle, after the break it retested the new resistance level and bounced downwards. The price has saw a massive bearish move over the last 4 hours, but looks like the push is going to come to an end as the price s still in the bearish channel. We could see a retracement take place very soon. I would keep everyone updated on my...

JohnnyPurtoy98

The price seems like it has managed to breakout the bearish channel it was in, now the price has made its way back down to the broken resistance, which is now acting as a support. If the price bounces off this new support level it is very likely that we could see significant bullish gains from this currency pair. I would keep everyone updated on this pair over the...

JohnnyPurtoy98

After a successful break this currency pair looks like the price may retrace, this is due to the oversold and extended conditions the price is currently facing. The price is likely to retrace to around 147.400 before further bearish movements. I would keep everyone updated on my findings for this currency pair over the coming days.

JohnnyPurtoy98

The Euro seems to be very weak after the initial bounce off the broken support which is now acting as a resistance level. This price looks like it would make its way further down over the next few days. I would keep everyone updated on my finding over the coming days.

JohnnyPurtoy98

The price looked like it had lost some of its momentum as it started to get closer to the symmetrical triangle that this currency pair is currently in. With the strength of this bear candle it can be seen that the price is trying to push downwards. This pair needs to be watched as the triangle is starting to narrow and would have to breakout soon.

JohnnyPurtoy98

The price has reached a strong resistance level which has been holding for a while now, it also formed a symmetrical triangle. The momentum of the bullish move was not strong enough to break this strong resistance, this means that the price is falling in value. I believe that this pair would move further down over the next few days, as the RSI is in a great...

JohnnyPurtoy98

The RSI has once again moved over this 70 level, as the price has moved closer to this resistance level. It is very likely that the price would start to move down from here. This also links in with the long-term analysis I have done which is also showing bearish signals. The price is very close to reaching a significant resistance level and is being pushed down.

JohnnyPurtoy98

This pair has broken out the support of the bullish channel, as the price gets closer and closer to a previous resistance level which is now acting as a support level it is losing momentum. I think that the price would retrace to the 0.382 level on the Fibonacci retracement, this means that the price is going to return to the original neckline of the double top...

JohnnyPurtoy98

The double bearish flag can be seen, also this has been confirmed by the falling wedge. This does mean that it would be best to keep an eye on the market as the price is going to most likely breakout the resistance top of this falling wedge eventually. Looking at the RSI and chart patterns I believe that the price is going to fall as it does not look like it has...