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EURGBP for 1st October

rashadali Posted 18 Ago as Analysis on EUR/GBP, Target: 0.8850, Date: 1 di Ottobre, 12:00 GMT  in #Technical analysis #EUR/GBP
On weekly chart we can see that macd formed divergence while price foprmed double top. later price fall and started moving sideway.
On daily chart we can see that price in uptrend. ADX is bellow 25 and falling. MACD shows small divergence on top.
CONCLUSION: MACD divergcen on weekly chart and week adx on daily chart can be sign of upcoming price fall.
We may see price around 0.885 till 1st October
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EURGBP for September

rashadali Posted 23 Lug as Analysis on EUR/GBP, Target: 0.895, Date: 3 di Settembre, 12:00 GMT  in #Technical analysis #EUR/GBP
On weekly chart we can see that price broke uptrendline and moving to side.
MACD shows divergence but price holds above 144 EMA yet.
On daily chart we can see that price met resistance above 0.985. MACD shows convergence and rising. ADX is above 25 and rising.
conclusion: trend is strong enough to continue. I expect price to be around 0.985 till September.
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EURGBP for August

rashadali Posted 20 Giu as Analysis on EUR/GBP, Target: 0.870, Date: 1 di Agosto, 12:00 GMT  in #Technical analysis #EUR/GBP
On weekly chart price failed to stay above 093 two times. And it is falling in channel lately.
MACD showed divergence on the top.
On daily chart price is moving sideway. MACD is in convergence. ADX is bellow 25.
CONCLUSION: Latest move up was not strong and we will see price drop again.
Price may reach 0.87 till August
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EURGBP for July

rashadali Posted 21 Mag as Analysis on EUR/GBP, Target: 0.855, Date: 2 di Luglio, 12:00 GMT  in #Technical analysis #EUR/GBP
On weekly chart we can see that price reached 0.9296 two times but failed to adnvance above this level.
It met support around 0.87345 but could price broke it several times up and down. Price fails to renew highs.
On daily chart we can see that adx fall bellow 25 but tries to rise.
MACD rose above 0 line now falls a bit back.
CONCLUSION: We can see that ADX fall after fall now it becomes stronger as price advances. Probably price will adnvance more.
We can see 0.885 till July.
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