the pair is trading now above the level of 1.3000 and that's mean the uptrend is still standing and the pair might continue in it's upmovements heading to 1.3050 and then 1.3100
the pair is trading now above the level of 1.3000 and that's mean the uptrend is still standing and the pair might continue in it's upmovements heading to 1.3050 and then 1.3100
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the chart is showing that the pair has succeeded in closing it's daily candle above level 1.3000 , and that's mean the up trend is still standing and the pair might head to 1.3100 and then 1.3150
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Abubakar 148 (2020-04-14)
A failed attempt to breach above the 38.2% Fibonacci extension at 1.3190 today supports this view and accordingly our bias on the pair remains weighted to the downside.
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the pair is trading now above the level of 1.3000 and that's mean the uptrend is still standing and the pair might continue in it's upmovements heading to 1.3050 and then 1.3080
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-09-02)
It is more likely to go down to around 1.2978 or lower, and after that, it might have potentially to go up to around 1.3042 or higher
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If a M15 close above 1.3000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2850 sell only and do not buy. If price closes back above it again do nothing
The range 1.3000 and 1.2850 is neutral area, any trade done in between is personal decision and not part of this analysis
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Abubakar 148 (2020-06-14)
the pair and as we can see from the chart has closed it's daily candle under the level of 1.3000 , so , that's mean the down trend is still standing and the pair is heading to 1.2970 then 1.2940
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Abubakar 148 (2020-05-16)
we can see that the pair has failed in breaking 1.3000 and bounced from it , so that's mean the down trend is expected and the pair might head to 1.2900 and then 1.2850
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Abubakar 148 (2020-06-01)
This development is coming on the back of a halt in its broader weakness at 1.1465 in early August2011 and its subsequent recovery.
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Once the scalp is active the levels will remain in play until such time when either of the topside/bottom limit targets are compromised.
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