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GBPUSD WILL BE RANGEBOUND

killer195175 Posted 12 Nov. as Analysis on GBP/USD, Target: 1.3230, Date: 2nd of January, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Range Bound #Falling Trendline #Rising Trendline #Horizontal Suppot
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Ellipse.
GBPUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
…
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killer195175 26 Nov.

UPDATE-3
The pair is currently trading at 1.3334 at the time of writing this update which is 100 pips above our level of 1.3230. I expect the pair to rise to 1.3400 levels before falling back to 1.3250. Until now the pair is moving as per expectations. Next week the collision with the falling trendline at 1.3400 will decide the fate of the pair. I am bearish on the pair and would love to sell it at 1.34000 levels.

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killer195175 27 Nov.

UPDATE-4
The pair is currently trading at 1.3325 at the time of writing this update which is 96 pips above our level of 1.3230. The pair made a high of 1.3383 before falling to the open price of today. If it closes day below 1.3325 then it will make a gravestone doji at the falling trendline, which is a very strong signal that sellers have jumped into the market. Now we can sell the pair with the stop loss above 1.3383 and target 1.3230. I hope the chart makes the thing more clear.

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killer195175 9 Dec.

UPDATE-5
The pair is finding it difficult to stay above the trendline that it has broken a few days ago. On Friday the pair closed at 1.33789 making a bearish engulfing candle on the daily chart.Now the pair is at the confluence of the rising and falling trendline. It may act as a support, but if it doesn't then the pair may fall to 1.32500 level which is also our target for 2nd Jan.

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killer195175 15 Dec.

UPDATE-6
The pair tested 1.3305 today and the last significant low is at 1.3303. I will say a close below 1.3303 is required on the daily chart to expose 1.3035 levels. Such pairs are a beauty to trade.

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killer195175 24 Dec.

UPDATE-7
After making a high of 1.3550 last week the pair has made a low of 1.3303. We need a good reason for further sell off in the pair. So I am expecting the pair to settle the month near 1.3400 levels. To reach our target of 1.3230 there is need of a catalyst which may not get during holidays.

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EURUSD IS STUCK IN A RANGE

killer195175 Posted 5 Mar. as Analysis on EUR/USD, Target: 1.0700, Date: 1st of May, 12:00 GMT  in #Technical analysis #Eurusd #Prediction #EUR/USD #Symmetrical Triangle #Range Bound
Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram is silent.
  • The RSI is turning up.
  • The Stochastics is headed South.
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killer195175 14 Apr.

UPDATE-3
Most of the markets were closed today by virtue of The Easter. The pair has moved in a very tight range today. A movement is expected in either direction only when the markets open on Monday.

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killer195175 17 Apr.

UPDATE-4
Finally, the price started moving in the direction predicted. 1.0677 area may offer resistance in the coming days. So far the price is very much clear to go up.

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killer195175 18 Apr.

UPDATE-5
As discussed in the previous update the price went up and cleared the resistance at 1.0677 very easily. I expect a small pullback to 1.0677 level before the price shoots upward. In any case, I will expect a consolidation here now. The next important level is near 1.0797 levels. Let us see what happens now.

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killer195175 19 Apr.

UPDATE-6
I expect the price to consolidate between 1.0797 and 1.0680 levels before going higher from here. If the consolidation period extends more than a week then we can get the price near 1.0700 on 1 May 2017.

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killer195175 24 Apr.

UPDATE-7
After the result of French elections, the EURUSD opened 193 pips above Friday's close at 1.0723. The pair has made a low of 1.0820 on Daily chart. I am still expecting the price to retrace to 1.0700 levels before going up. Let us see if it happens before 1 May 17 or not.

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