Brent
On H4, EURUSD quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price could break 2/8 (1.0986) and grow to the resistance at 3/8 (1.1108). The scenario can be canceled by a downward breakout of 1/8 (1.0864), which might lead to a trend reversal and falling to the support at 0/8 (1.0742).
On M15, growth can be additionally supported by a breakout of the upper line of the VoltyChannel indicator.
GBPUSD, “Great Britain Pound vs US Dollar”
On the GBPUSD chart, the situation is similar. On H4, the quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend, and the RSI is testing the support line. In this situation, the quotes could rise above 6/8 (1.2451) and reach the resistance at 7/8 (1.2573). The scenario can be canceled by a downward breakout of 5/8 (1.2329), which could also lead to a trend reversal and make the pair drop to the support at 4/8 (1.2207).
On M15, a new breakout of the upper line of VoltyChannel will increase the probability of price growth to 7/8 (1.2573) on H4.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets The Dow Jones (US30) added 0.80% on Friday (for the week -0.95%). The…
By ForexTime Gold ↑ 1% YTD, adding to 27% gain in 2024 Less than 5%…
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University Brian Blank…
By JustMarkets On the last day of 2024, the Dow Jones Index (US30) was down…
By Michael Timothy Bennett, Australian National University and Elija Perrier, Stanford University A new artificial…
By César León Jr., Washington University in St. Louis NASA’s upcoming Artemis II mission is…
This website uses cookies.