Eyes on GBPUSD, GBPJPY with BOE monetary policy, bank rate tomorrow at 7pm. Observations: both pairs are down trend, parked at resistance. 3 charts.
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Instead of common bearish reversal patterns, USDSGD is printing a potential bullish continuation. It is doing a correction/retracement after which USD is likely to continue strengthening.
Good signals confluence and agree with each other such as shown in these GBPUSD, EURUSD charts based on zigzag, chart patterns, price action.
Monthly chart going back to 2007 and a H4 chart showing price breakdown shows these features: 1) Pre-Subprime Crisis top could be back as resistance 2) false breaks at high 3) series of tests and 4) 1-2-3-4 setup for sell potential.
Weekly charts of NZDUSD, XAUUSD, GBPUSD, USDCNH and WTI ‘big picture’ analysis. Clicks together a story that indicates DXY weakening.
A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme – a turning point could be showing up soon seeing how these pairs might be at support.