GBPUSD has the probability to continue a downward retracement early next week after rejection of the fan angle currently being tested as resistance.
The Dollar appears to have found it's legs and bounced off of a deep down trend angle. This could be a sign that the Dollar is ready to rally. Additional confluence will be needed to be secure in longing from here, but probabilities look good that new local highs may print in the near future.
Ah, GBP...she's enough to make a grown man cry sometimes. We just witnessed the market make a massive breakout bull run against the USD, with not a single significant pullback. Shall the insanity continue into March? Or shall we see GBP cool her heels a little bit in the massive liquidity pools that have been building below for ages now? In this analysis I use the...
In this analysis I use the Gann Fan to assist in projecting price into time. I've come up with two probable scenarios based on previous price action and current market context. Given the incredible bull run that AUDUSD has been enjoying, it's easy to favor more upside. However, developing market structure at this level suggests a potential period of consolidation...
In this analysis I use the Gann Fan to assist in projecting price into time. I've provided three scenarios that appear likely given previous price action. Which scenario do you think is most likely?
DXY appears to have an opportunity for upside recovery early in the next trading week if price holds above the current fan angle until today's market close.