By: Dima Chernovolov GBP/USD continues to fall inside the hourly Falling Wedge chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Falling Wedge at the 4-bar level – which reflects the slow Initial Trend (2 bars), average Uniformity (5 bars) and higher Clarity (6 bars). GBP/USD is expected to fall […]
GBP/USD is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/USD continues in its current trajectory, […]
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.89% move on GBP/USD. The movement has happened over the last 12 days. For those trend followers among you, you may think about riding this trend. Did you know that our social media feeds are […]
GBP/USD is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/USD continues in its current trajectory, […]
The movement of GBP/USD towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Those of you that are trend followers are probably eagerly watching GBP/USD to see if its latest 1.9% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 10 days move. Did you know that our social media feeds are updated only 3x per day, and […]
GBP/USD is heading towards a line of 1.2183. If this movement continues, we expect the price of GBP/USD to test 1.2183 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
GBP/USD is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/USD continues in its current trajectory, […]
GBP/USD is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/USD continues in its current trajectory, […]
GBP/USD is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/USD continues in its current trajectory, […]
