Market Analysis – April 4 GBPUSD turned bullish after invalidating the bearish trendline on the daily chart. The price rallied to the resistance level of 1.240 in December. Due to the challenge faced by the buyers to push above the resistance level, the market formed a range between 1.240 and 1.190. The Bulls have finally […]
Market Analysis – March 27 GBPUSD seems stuck between the significant levels of 1.2450 and 1.1820. Since the market ascended into the region, it has not been able to break out on both sides of the market. GBPUSD Key Levels Demand Levels: 1.1820, 1.1570, 1.1150Supply Levels: 1.2450, 1.2660, 1.2700 GBPUSD Long-Term Trend: Ranging In November, […]
GBPUSD Analysis – March 20 GBPUSD executes a retest and is gunning for higher heights. The market has had its upward movement blocked at 1.24480. The price then goes into a ranging phase with 1.22640 as the demand level. By early February, the sellers have grown stronger, and they take advantage to plunge the currency […]
GBPUSD Analysis – March 13 GBPUSD is ready to scale new heights after breaching its descending channel. The traders are trying to reinstall the market at higher price levels after a catastrophic beginning to February, which saw the market plunge more than 3% with consecutive bearish candles. The price dropped more than 5% into March […]
GBPUSD Analysis – March 6 GBPUSD bearish strength is causing prices to sink. The month of February has shown a descending triangle formation, but the price has been rejected around the 1.19960 and 1.19120 levels. However, the general bullish run may end if the market breaks these levels. Compared to the overall bullish trend, the […]
Market Analysis- February 20 GBPUSD market is currently trapped between the 1.240 supply level and the 1.190 demand level. The market consolidated within the same key levels as the previous year. GBPUSD Key Levels Resistance Levels: 1.240, 1.310, 1.370Support Levels:1.190, 1.110, 1.080 GBPUSD Long-term Trend: Bullish GBPUSD buyer appears to follow the same pattern as […]
Market Analysis – February 13 GBPUSD struggles to push beyond 1.240 since the test of the resistance level at 1.240. Since the MACD (Moving Average Convergence and Divergence) indication of an uptrend in October, the expanding channel has guided the market to reach the supply zone of 1.240. GBPUSD Key Levels: Demand Levels: 1.190, 1.110, […]
Market Analysis – February 6 GBPUSD breakout of the expanding Channel. The Market has been prominently soaring as the market continues to sweep through resistance levels. The price of Actos is currently revealing signs of a bearish reversal. GBPUSD Key Levels: Demand Levels: 1.190, 1.110, 1.070Supply Levels: 1.240, 1.310, 1.370 GBPUSD Long-term Trend: Bullish GBPUSD […]
Market Analysis – January 30 GBPUSD is set for a breakout as the price action narrows down to a point. Higher lows and lower highs reveal the contention in the market. GBPUSD Significant Zones Demand Zones: 1.190, 1.110, 1.070Supply Zones: 1.240, 1.310, 1.370 GBPUSD Long-term Trend: Bullish The GBPUSD market experienced a market crash all […]
