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Weekly charts show that we still might be on a rising journey for this pair; however, the repeated rejection of psychological level 0.7600 indicates that buyers might be now considering banking their profits and leaving the floor to the bears.

The present rising triangle would suggest a further break to try probing the next round number at 0.7700 and follow on to retest last highs at 0.8000.






On Daily charts, a tweezer top formation could bring us back to a retest of the ascending triangle baseline, at 0.7500, which if finally broken would have us looking forward to a fall to the bottom of the consolidation range at around 0.7300; on the other hand, a bounce from the trendline would be aiming to retest once again the triple top formation resistance and if there is a breakthrough, we could expect it to push further to the above-mentioned next upper round number level 0.7700.



On 4-hour charts, we can see how price broke through the recent confirmed ascending trend and consolidated for a while around the median line of the Pitchfork channel. It is presently retesting that level, which has been like a magnet all throughout this month: should it hold, the price could navigate towards a retest of the rising lower trend line and bottom line of the Pitchfork channel, at around 0.7460, with a potential break down to the previous swing low at 0.7400.





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