Uptrend continuation as price bounces of support of channel
Uptrend Price bounce off support @ 1.5080 to continue rally
A possible retest into trendline resistance which now turns support for an intended rally to the upside.
Trend support now becomes resistance confirming downtrend continuation
Prices bounce off trend line indicating a continuous uptrend. Note that trend line also coincides with the support @ 110.890
Price completes retest into resistance of upward range to signify downtrend continuation
Temporary downtrend before the rally up into trading range
Price breaking major support now resistance signifying downtrend
Downtrend after completion of double top pattern
Overview: The triple top reversal tells us that buyers are getting exhausted or they aren’t aggressive enough to push the price higher of the resistance 1.01000. Signal/Entry confirmation: We shall wait for the price to break through the support 1.00500 for a signal and go SHORT after a retest of the zone around our new resistance @...
Overview: We are presently on all-time major support on 0.70800 (Buyers' Zone) and it appears that price is finding it difficult to breakthrough hence a possible uptrend rally is imminent. This can also be confirmed with the present character of price not willing to continue the downward channel ABCD trend as you can see price not settling in comfortable at...
Overview: Price has broken through the flag pattern formation to the upside indicating an uptrend continuation. The channel EFGH (upward range in green) emphasizes a channel continuation to the upside as well. Note that price was unable to break the hidden range ABCD the last time it was there (15th May 2018). Now it is back into this range 9 months after with a...
Overview: It appears that the long-awaited Bulls for the GBP to get back to her past glory has finally come. Presently, price appears to have culminated its retracement (fib 0.618) at the major support @ 1.28070 which also confirms completion of a double bottom formation on the Monthly chart. The culmination of the retracement here can also be emphasized with the...