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Price hit a strong resistance above the red zone and now falls. RSI is above the 50 level or declining. Top percent of 31.janura 2013 years is not overcome, I expect further price decline for this period of two months.On a daily chart can be seen that the price went down below the moving average and the previous few candles closed short. Indicator RSI is here under 50 level and continues to fall.
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Changing trend of price EUR / GBP
A trend that can be observed lately is growing bullish and possible to continue to the next period. Daily time frame, Moving averages SMA100,200 below price, RSI indicator above the 0 level, the support of the sup / dem indicator are some of the indicators that suggest up trend.Weeklu chart situation is similar except that the moving average SMA100 over the price, but the RSI is also above the 50 level and divergence effects. If we look, I marked a double bottom on the chart, which is still in t…
EUR/GBP analysis charts
Weekly time frame, established figure channel down, and women repeatedly touched down trend line. Price still has a tendency to come to the channel trend line down, and several indicators confirms the trend of falling. SMA100 and SMA200 far above the price and RSI indicator below the 50 average.Daily time frame similar situation RSI = 41 and two SMA above average price. Target I have set only 100 pips is very nice rejection of price support trend line. The trend is extremely bearish, and because…
EUR/GBP continues up trend
The monthly time-frame price is still below the strong resistance level 61.8% Fibonacci expansion. Price will easily pass this level regardless of the trend up, and for that reason I am not optimistic for many pips towards LONG. This strong resistance was sufficient to keep the cost of even a few weeks. Indicator RSI on monthly time-frame is still under 50.On the daily time frame different situation. Price is above 50 on the RSI indicator, and also the moving average 100 days is below cost. In a…
Long sentiment
The indicators on the daily chart showing long, and the weekly chart shows short, and the sentiment is 58% long. EUR / GBP Technical Analysis: Members' Sentiments: Bullish58% Bearish42% Weekly chart: Symbol Value Action RSI (14) Sell 42,215 STOCH (9.6) 49915 Neutral STOCHRSI (14) 96 438 Overbought MACD (12,26) -0005 Sell ADX (14) 43827 Neutral Williams% R -44,615 Buy CCI (14) Neutral 6.3131 ATR (14) Less Volatility 0.0083 Highs / Lows (14) 0.0000 Neutral Ultimate Oscillator 51323 Buy ROC -0050 …
Price will continue down after reaching the resistance level
The trend down is still strong in favor of GBP so this is just a temporary BUY for this currency pair. This trend has been going up because of the strong influence of support 61.8% fibo expansion on a monthly time frame. This level is definitely broken, but a question of time when prices will continue downward. I guess that will happen in the resistance level of the channel, that is directly below the henna lines above weekly chart. On the daily chart we see the weakness of this current trend up…
Possible change in trend up
At month time frame wordy more fibonacci retresment and set one Fibonacci expansion. What is interesting is the 61.8% Fibonacci expansion and price that is almost without consequence passed down next to this level. I think that will come in the coming weeks too late reaction from the 61.8% level strong support. Prices will probably first get to 50% and 61.8% of Fibonacci retresment, then follow the reversal. On the daily time frame, but one can notice the divergence on the RSI indicator as AD, w…
Weekly chart formed figures
Weekly chart formed figure channel, and the price is at the bottom at the support line. This coincides with a Fibonacci expansion level 61.8%, which together represent strong support for a longer period. Power trend is not negligible ADX = 22 it can only dispose of the change which will be influenced by strong support. down from the current price of 220 pips is another very powerful support which is determined with the help fibonacija the annual time frame, which is 50% level. This show other in…
Soon a strong influence fibonacci expansion
Price moves in the zone within the channel bottom, however it soon may change due to a strong support level 61.8% Fibonacci expansion. At this point to that level, with only 140 pips and it can reach in a few days. Strong influence 61.8% Fibonacci support level expansion enhances ADX = 16 on weekly chart, so it is my opinion that the price will not go away down to support. This support will act already next week and it will be very interesting to follow it. Here are other indicators on a monthly…
Continue trend
This currency pair is in an uptrend on the daily Chart price is slightly below 200sma, so I expect penetration in the coming days. I do not think the long-term trend is strong, because the ADX Week and Month Chart 20 below shows, but I can not ignore the daily time-frame ADX = 29, and pierced BBAND. this show other indicators on a monthly time frame: RSI (14) 49,565 Neutral STOCH (9,6) 24.665 Sell StochRSI (14) 29,367 Sell MACD (12,26) -0.005 Sell ADX (14) 29.396 Neutral Williams% R -69 711 Se…