4XEagleEye Technical Analysis?
Before going any further we want to let you know that it is not possible to measure the trading success of...
Before going any further we want to let you know that it is not possible to measure the trading success of...
We believe that possible bearishness could be seen during this trading session.
Immediate resistance is at (1.3038). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.
We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.5331) zones. A proper confirmation would occur if the GBPUSD will manage to fall beyond the (1.5211) support level.
We see better value in long positions.
If the price will advance above the first resistance at (102.39), this would confirm continuation of the bullish trend, towards next objective upwards (102.61) then (103.06) and (103.91) will follow.
We believe that possible bullishness could be seen during this trading session.
Support is at (0.9567). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.0138) zones.
A proper confirmation would occur if the USDCAD will manage to overcome the (1.0206) resistance.
We believe that possible bearishness could be seen during this trading session.
Immediate resistance is at (0.9923). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.