Fiber had to take a pause since FRIDAY reversing @1.18036 causing a one time VERIFIED RESISTANCE level @ same price . Currently the price is spotted on a DEMARCATING VERIFIED SUPPORT level formed from 27th of JULY 2021. POSSIBLE MARKET MOVES A slight break in the Demarcating Support level means the next stop will be at the next one time VERIFIED SUPPORT level...
Yesterday been 16/08/21, GBPUSD reversed from a 3 times tested RESISTANCE level turning it into a PROVEN RESISTANCE area. As it stand the price is ranging on a WEAK SUPPORT region @ 1.38350. POSSIBLE MARKET DIRECTION; The price will possibly fall further to the lower VERIFIED SUPPORT level spotted @1.37920 trying to match up with the former trend line. ...
Taking a look at the chart, There are several indications corresponding to the market wave currently. Currently the price is returning from a 3 times tested support level. still on the Trend line track. so, probably breaking the untested Resistance area isnt changing the direction BUT a breaking the 3 times support levels might mean a strong continuous falling...
Yesterday, EURUSD still had to comply with the downward trend despite the economical events .... Still on the BEARISH side a Verified RESISTANCE area has demarcated an untested resistance level and the Price. This means a high tendency of continuous down trend. Besides, currently the price is still align with the trend line Have a great Trading day. follow...
The Price is currently touching today's untested SUPPORT level. Moreover EURUSD is stil complying to the downward trend. A BREAK IN THAT SUPPORT LEVEL MEANS 85% continuous fall. HaykeensFX
GBP/USD: Near-term shortcoming in the midst of dollar's interest The GBP/USD pair settled at 1.3870, down in the midst of the reestablished dollar's interest following an energetic US work report. UK macroeconomic information demonstrate that monetary advancement proceeds with post-returning. GBP/USD could broaden its decrease in the close term, however...
USD/JPY: Bulls could push the pair toward the 111.00 figure The USD/JPY pair beat 110.35 on Friday, finishing the week a modest bunch of pips beneath it. The Japanese Leading Economic Index beat assumption in June, printing at 104.1. USD/JPY is in fact bullish however may address lower prior to broadening gains. The day by day diagram for the USD/JPY pair...
Essential Overview The US added 943K new positions in July, while the Unemployment rate contracted to 5.4%, both generally beating the market's assumptions. The Underemployment Rate shrank to 9.2%, while the Participation Rate expanded to 61.7%. All figures stay beneath pre-pandemic levels yet plainly show the sort of progress the Federal Reserve needs to...
EUR/USD: Break underneath 1.1700 on the table The EUR/USD pair fell on Friday to close the week in the 1.1760 value zone as the dollar energized closely following a playful work report. The US Senate pushed ahead with the bipartisan framework bill. EUR/USD is actually negative, making a beeline for March's month to month low at 1.1703. The EUR/USD pair is...
Last week, USD acted really stronger. EURUSD fell pretty fast from its PROVEN resistance area ( Retested = 7) @1.18950 - Currently the price is spotting around a PROVEN support level ( Retested = 8) @1.17955--------- Therefore, there is a high tendency that it reverse way to an Untested level point @1.18495 --------- Check Chart