GBP/USD has moved lower after 4 consecutive daily candles from 1.2473 to 1.2158 in the last 6 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? If you open a live account with a broker that support Autochartist, you’ll get: Analysis as […]
By: Dima Chernovolov GBP/USD continues to fall inside the daily Falling Wedge chart pattern which was identified earlier by Autochartist. Autochartist rates the quality of this Falling Wedge at the 5-bar level – which is the result of the slow Initial Trend (4 bars), below-average Uniformity (4 bars) and significant Clarity (7 bars). GBP/USD is […]
GBP/USD is moving towards the resistance line of a Triangle. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the […]
GBP/USD is moving towards a line of 1.2591 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBP/USD continues in its current trajectory, we […]
GBP/USD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of GBP/USD to test 1.2571 within the next 2 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 […]
GBP/USD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we expect the price of GBP/USD to test 1.2570 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]
GBP/USD is moving towards the resistance line of a Rising 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 heading towards the resistance line of a Ascending Triangle. If this movement continues, we expect the price of GBP/USD to test 1.2763 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 […]
GBP/USD is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
GBP/USD is approaching the resistance line of a Falling Wedge. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 5 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
