Since May FX:GBPUSD has been trading within a sideways/ ascending consolidation pattern and just recently broke the lower limit of the pattern to downside and soon enough started forming a flag pattern . Price has already retested the lower limit of the previously formed consolidation pattern and seems ready to start the downward move till the next Target of...
Ever since the time price got pushed up from the 151.852 support , it has continued the upward movement . the upward move however isn't supported by a lot of momentum , nevertheless price continues to strive upwards ! Price recently reached the 0.618 Fibo retracement of the last move downward and despite its effort to move downwards , continued the upward...
Price recently reached the 193.193.496 pivot , tested and retested it within the last few hours and now seems ready to continue with the upward move . one can observe 2 minor resistance points coming up : 194.369 and 194.893 . i expect the price to keep moving up and beyond these resistance point to finally reach the end Target of 195.483. For now my initial/short...
Price has been trading within an ascending parallel channel since June 2023 . At the current moment price is moving towards the lower limit of the channel after which maybe a bullish move can be observed . But for now , I’ll try and cash in the short term move till the next Target of 166.615 !
Price has been trading within the given ascending parallel channel since December 2023 . Price is currently near the upper limit of the channel . Just recently price tested the upper limit of the channel and got pushed down . Price’s attempt to go up again suggests either a retest of the upper limit or a general strong upward momentum . Considering the price...
Price has been building a cup and handle pattern right above a strong support level of 2147.721 . The handle of the pattern seems almost complete . I’ll wait for a clear breakout to take a long position with the next possible Target of 2250.55 !!
Price has tried in the past days to continue the upward movement but have failed . Upward movement seems lost . Price traded within the flag pattern for a while only to break it to downside . I expect the downward movement to continue after the retest of the lower limit of the pattern is completed . Next possible Target being the support @ 0.64623 !
Price has been trading within a flag pattern since 12 February 2024 . currently price is at the lower limit of the flag and contemplating its next move . at this point we have 2 possibilities : either the price experiences a pullback and trades within the flag again or price breaks the flag to downside and continues the downward move till next support of 0.64623...
Price is currently trading within an ascending parallel channel . Despite price's eagerness to move up , the price is more likely to go down till 110.380 support zone and exoperience a pullback from there till the next Target of 111.179. I'll wait for a pullback and wait for a clear sign from price action before entering a long position . The analysis is in...
Price is currently trading within a flag pattern . Price recently got rejected from the upper limit of the flag to downside . as the price is approacting the pivot zone of the channel , either of the two posibilities as shown by the arrows can be expected for a short term move !
Price has been trading within a rectangle consolidation since feb 2024. Price recently tested a support and seems ready to continue chasing the upper limit of the rectangle . The next expected Target being 0.88800 !!
Price has had been trading within a descending triangle since August last year. Recently the price brooke the pattern to upside and retested it as well. the next Resistance is at 0.58603. Considering where the price is at the moment i expect to see a pullback till/ around 0.57970 followed by an upward movement till the expected Target of 0.58603!
