GBPUSD is now facing the downward trend line on daily chart, a clear break above the trend line resistance will indicate that the downtrend from 1.6309 had completed at 1.5827 already, then further rise to test 1.6309...
The GBP/USD pair had a wild session on Friday as we ended up lower, but after breaking the 1.6050 handle. Nonetheless, we see the 1.60 level is very supportive, mainly based upon the Wednesday candle that was...
The GBP/USD pair rose during the Thursday session to trigger buy orders from the hammer that had formed on Wednesday. We are still bullish of this pair, and think that a break above the 1.6050 level will...
The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.18 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
The GBP/USD pair fell during most of the session on Wednesday, but bounced in order to form a hammer. The 1.60 level has acted as support again, and it does look like this market wants to go...
The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.30 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
The GBP/USD pair initially rallied during the session on Tuesday, but failed to hang onto gains and formed a shooting star. On Monday, we had formed a hammer, so this suggests quite a bit of indecisiveness to...
The GBP/USD pair fell during the session on Monday, but got a nice bounce off of the 1.60 area in order to form a hammer. This market looks like it’s beginning to get ready to rise again,...
The Dollar Index is currently trading at 80.00 ranges, after finding resistance at 81.00 ranges from where is sold off during September. Daily close below 79.80 would result in further depreciation of the US Dollar across the...
The Dollar Index falls again from 81.20 ranges from where it has sold off during September. Currently it is trading at 80.30 with 79.90-80.00 acting as important support. Daily close below 79.80 would result in further depreciation...
