GBP/USD - A fourth s...from PhoenixMan

GBP/USD - A fourth small bodied, candle in a row suggests that the market is lacking conviction under this resistance. Although the price is still edging with a slight positive bias, momentum indicators reflect a growing consolidation, with RSI stuck in the low 50s and MACD lines flattening at zero.

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Hello guys, the pair AUD/USD moved upward and break the resistance zone of of 0.72200. AUD/USD next support zone is at 0.72200 and the next resistance zone is at 0.73900. Since the result of the U.S. Presidential Election is not yet finalized, look for short-term buying opportunities of AUD/USD. What do you guys think about it?🤔

PhoenixMan

Hello everyone! the EUR/USD pair came to the support line and began to grow strongly. During the week of growth, it broke through several support lines at once. Now the price has stopped at the resistance line. I expect that the price to fall from this line. There is a support line in the middle of the channel. But the fact that before that the price showed strong growth indicates that it will be able to break this line. Good luck on trading guys!

PhoenixMan

Hi guys. For the EUR/USD pair, the price is in the process of moving at the intersection of two channels. It recently bounced off a strong resistance zone (just at the intersection of the lines). And it fell. However, before reaching the support line, it began to grow again. I expect that the price will reach the resistance line, touch it but cannot break it (since there is another strong line nearby). And then going downtrend.

PhoenixMan