Top Forex Brokers : GBPUSD, NZDUSD, USDCHF Analysis Online
GBPUSD is in a long-term bullish trend and has formed an inverted head-and-shoulders pattern. The price reached the neckline, crossing the upper Bollinger line.
• If the price crosses the resistance at 1.3370, the upside target will be 1.3750;
• However, if GBPUSD bounces, it may lead to a decline toward 1.3030.
In the Daily timeframe, NZDUSD is in a short-term bullish trend, forming a rising wedge pattern. The price has reached the upper boundary, with %R indicating a significant overbought condition.
• A break above the 0.6260 trendline could push the price toward 0.6350.
• A break of the lower trendline below 0.6220 may start the decline to 0.6125.
USDCHF has formed a descending triangle pattern in its long-term decline. Despite the bearish trend, a divergence was formed in MFI.
• A break above the 0.6260 trendline could
• If the bears push the price below the support at 0.8420, it may start falling to 0.8240, corresponding to 161.8 Fibonacci;
• If the bears push the price below the support at 0.8420, it may start falling to 0.8240, corresponding to 161.8 Fibonacci;
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