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GBP/USD price action remained suppressed as recent development around Brexit remain uncertain. Chances of a “no deal” seems to have increased according to investment banks. RSI divergence points for a possible short term reversal if a Brexit catalyst allows for it. GBP/USD price action remains subdued and in consolidation. Furthermore, the RSI divergence indicates the probability of a short Read More …
EUR/USD potential head and shoulders pattern closer to completion. RSI is indicating a divergence that needs to be completed by a price breakout. Friday’s bullish range breakout on the 4 hour timeframe could be the key. Last Friday saw the EUR/USD pair to break out of range with significant volume. The popular pair has almost completed Read More …
EUR/USD could reverse on potential reverse head and shoulders pattern. RSI is indicating a divergence that needs to be completed by a price breakout. High volume on the right of the pattern is supportive of correction thesis. While the EUR/USD has been slipping downwards during the last couple of months several indications show that the end could Read More …
GBB/USD price has been consolidating inside a triangle, inside a long term range A price breakout to the upside could see price reaching the upper range line RSI bullish divergence increases the probability for upside move. The price of GBP/USD has been consolidating in a even narrowing range inside what appears to be a symmetrical triangle. Read More …
Falling Wedge Pattern could be a bearish correction in the larger bullish trend Price has found strong resistance at the 0.67550 level. During the last four trading days, NZD/USD has been consolidating on a falling wedge pattern. Typically the pattern forms as continuation pattern of a larger trend. The confluence with the strong support at 0.67550 adds Read More …
Prime Minister Theresa got EU approval on Brexit deal The challenge is now for the British Parliament to vote for it GBP/USD in bearish channel as political uncertainty weighs on the Sterling Overview Theresa May’s success in getting her proposed Brexit deal approved by the EU is only partial as the Prime Minister must now persuade her Read More …
Mario Draghi’s speech earlier today was uneventful. Italy’s decision to consider lower deficit budget target has eased tension. Possible head and shoulder reversal pattern in development. Overview During the last couple of days the EURUSD pair has been consolidating in a narrower range. Earlier today during London session hours, the ECB president made his speech Read More …
CHF gains the most over the US dollar during the 7 days after weeks of losses. Switzerland employment figures have been on an uptrend the last three quarters. Overview During the last couple of days Swiss Franc(CHF) gained strength over the US dollar(USD) leading the USDCHF pair to correct by 2.2% from previous high at 1.01285, Read More …
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Starting with the right set of books can save you invaluable time and speed up your learning curve. This is the absolute value for money forex technical analysis books shortlist, to avoid wasting your time and money. I have read numerous books in the field of technical analysis for forex and if someone would not want to waste their Read More …
