Market Analysis – August 6 GBPUSD price has responded to the test of the resistance boundary of the parallel channel on the daily chart. This test has prompted a surge of selling activity, resulting in a decline in price. GBPUSD Key Levels: Demand Levels: 1.2690, 1.2540, 1.2390Supply Levels: 1.2940, 1.3030, 1.3200 GBPUSD Long-Term Trend: Bullish […]
Market Analysis – July 29 GBPUSD price has established a bullish break of structure above the swing high of 1.2860. The Relative Strength Index (RSI) signaled an overbought market, leading to a retracement to the bullish order block at 1.2830. GBPUSD Key Zones Demand Levels: 1.2830, 1.2690, 1.2540Supply Levels: 1.3000, 1.4000, 1.5000 GBPUSD Long-term Trend: […]
Market Analysis – July 23 GBPUSD price has successfully broken out of a significant symmetrical triangle pattern on the daily chart. The price movement above the resistance border surpassed two major highs, forming a downward trend line. Currently, GBPUSD has established a swing high at the psychological price of 1.3000, indicating a retracement towards the […]
Market Analysis – July 16 GBPUSD bulls have successfully enforced a breakout from a symmetrical triangle on the daily chart. The bullish momentum was remarkable, highlighted by the appearance of the three white soldiers pattern just before and immediately after hitting the resistance trendline of the symmetrical triangle. GBPUSD Key Levels Demand Levels: 1.2860, 1.2390, […]
Market Analysis – July 9 The GBPUSD pair surged towards the swing high of 1.2860 but encountered resistance at a fair value gap of 1.2810. This resistance has led to a pullback in price on the daily chart. The price rise of GBPUSD was halted just before reaching the swing high of 1.2860. The reason […]
Market Analysis – June 25 The GBPUSD market direction has shifted from bullish to bearish on the daily chart. This change in market structure emerged after the price encountered a resistance trendline on the 24-hour chart. The bearish reversal was indicated by a divergence seen on the RSI (Relative Strength Index). Key Levels for GBPUSD […]
Market Analysis – June 17 GBPUSD currency pair is showing signs of a potential bearish reversal after encountering significant resistance on the daily timeframe. The formation of a double top pattern at this resistance level suggests a possible shift in market momentum. Key Technical Levels for GBP/USD:Demand Zones: 1.2890, 1.3140, 1.3200Supply Zones: 1.2680, 1.2450, 1.2300Long-Term […]
Market Analysis – June 6 GBPUSD is poised for a short-term decline as the price approaches an overbought state. The RSI (Relative Strength Index) indicates that the market has been extremely bullish. A downward correction is therefore necessary, possibly giving more buyers the opportunity to enter from the discount zone. GBPUSD Significant Zones Supply Zones: […]
Market Analysis – May 29 The GBPUSD currency pair is approaching a pivotal point. It has reached the resistance trendline of a large symmetrical triangle pattern on the daily chart. Multiple technical indicators suggest a potential bullish breakout is imminent. This signals a continuation of the upward trend. GBPUSD Long-Term Trend: Bullish Over the past […]
