Browsing Tag

head and shoulders pattern

EURGBP – Two bearish scenarios

Monthly: Since posting large net losses in September 2017 (-395 pips) the cross has moved sideways. We can note spikes for the last 10 months highlighting indecision. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting…

GBPCHF – Rallies to Find Sellers

Although the cross has reached the 261.8% extension level of 1.2958 (from 1.3855-1.3513) there is no clear indication that the selloff is coming to an end. Levels above 1.3400 continue to attract sellers. A rejection of rallies (close to…