Skip to main content

Posts

Showing posts with the label The EURGBP 100 hour MA catches up to the price

The EURGBP 100 hour MA catches up to the price

EURGBP stay below the 100 hour moving average The EURGBP moved to the low for the week on Thursday. That took the pair to lowest level since March 7 in the process. After waffling up and down on Friday (Good Friday), the price moved higher in trading today and sniffed the falling 100 hour moving average (blue line in the chart above). The price rise also had the price entering into a swing area between 0.82936 and 0.82987 (see red numbered circles). That area - along with the falling 100 hour moving average - is now close resistance. With the price currently trading just below those levels at 0.82876, the market will have to make up its mind on whether to go higher lower soon. Recall from last week, on Tuesday of last week, the price fell below the 100 average moving average line tilting the bias more to the downside. Then on Wednesday the MA was retested and found willing sellers (see hourly chart above). That kept the sellers more control. Going forward, move back above the 100 hour


 

FOREX IN WORLD provide forex signals, MT4 and MT5 indicators, Strategies and Expert Advisors Bots. Our professional traders team years of experience in the financial markets. We scan the markets 24/7 every single day. We decided to build our company to help retail forex traders profit consistently every month using our expertise.

For any queries. Email us: forexinworld@gmail.com

Risk Warning: We always suggest our clients to carefully consider their investment objectives, level of experience, and risk appetite. try to money management with every trade.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Takes no responsibility for loss incurred as a result of our trading signals. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.