The USD/JPY pair has bounced strongly up from its support zone of (101.43-101.20) on a 60 minute time frame. The total move so far is almost 70 pips whereas the risk was 23 pips. The price is trading above the 50day (shown in green) and 100 day (shown in yellow) moving average, which means that the…
Read MoreThe EUR/USD fell from its resistance zone of (1.390-1.3922) on a 60 minute time frame as predicted. The resistance zone was given in our analysis on the 11th of April. The price is trading in a support zone and we also have the piercing of the Bollinger band. The piercing of the Bollinger band…
Read MoreThe EUR/USD is trading in a resistance zone on a 60 minute time frame. The price is trading within the Bollinger band which represents that the volatility for the pair is low. The price is trading above the upward trend line which means that the uptrend is very much intact. However, the slope of this…
Read MoreThe GBP/USD is trading in a resistance zone on a 60 minute time frame. This resistance zone was given in our analysis 8th of April. The price is still trading above the 50day (shown in green) and 100(shown in yellow) moving average which represents that the bulls are still in control of the price. The…
Read MoreFundamental Outlook Bulls have their confidence renewed after the IMF has upgraded its outlook for the biggest economy of the world which is a positive sign for copper. There is no doubt that recently we have started facing positive news for the metal which has aided it to move higher. We do have the FOMC…
Read MoreThe GBP/USD is trading in a resistance zone on a 60 minute time frame. The pair has pierced the Bollinger band at this level, which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support…
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