Eyes on GBPUSD, GBPJPY with BOE monetary policy, bank rate tomorrow at 7pm. Observations: both pairs are down trend, parked at resistance. 3 charts.
If these are valid resistance levels, day-day price action will show up bearish reversal patterns that are very easy to spot in the zigzag action.
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.
WTI and XLE are correlated. Unless WTI is wrong, higher 52-week highs point to XLE breakout when chart is shouting continuation patterns.
AUDSGD swing look for short continuation day traders wait n see Analysis for swing traders Price action test > re-test of shadow zone confirms that it is resistance. Price action at resistance meets Bollinger Band overbought so there is confluence. Now for trigger which could look like
Colonel Kink Forex Reporter’s #10 report combining USDSGD, AUDUSD and GBPUSD. This report combines Zigzag and Bollinger Bands analysis.