Forex Archives - Page 2 of 6

EURUSD breaking major Support today

Posted on March 7, 2019 Written by Chart Prophet

GBPUSD major poc migrated again

Posted on March 6, 2019 Written by Chart Prophet

GBPUSD major poc (measured on a 30minute basis) has migrated back up to 1.3130. Chart now needs to hold this level to remain in a strong location.

EURUSD major poc migrates

Posted on February 24, 2019 Written by Chart Prophet

this week the Major controlling price migrated back down to 1.1310. This is now Major Support and price below this level would be a weak position for EURUSD.

EURGBP in weak position

Posted on February 21, 2019 Written by Chart Prophet

EURGBP found Resistance at the 0.88 major. Potentially a lower high at this level and a weak pattern.

GBPUSD poc migrated

Posted on February 20, 2019 Written by Chart Prophet

The major poc (measured on a 30minute basis) migrated lower to 1.2930. This changes the positional strength of the chart. The poc migrated yesterday and GBPUSD subsequently jumped. As the chart is now printing above that level it is in a strong position and that is the change.

EURUSD bounced from Support

Posted on January 26, 2019 Written by Chart Prophet

EURUSD tested the Support at 1.1310 again this week (previously a major controlling price) and bounced.

USDJPY chart

Posted on January 19, 2019 Written by Chart Prophet

USDJPY chart: the major controlling price recently migrated to 112.60. Chart is currently printing below that level in a weak price location.

EURUSD chart

Posted on January 19, 2019 Written by Chart Prophet

EURUSD chart is currently printing below 1.1450, the 1/2R. Support at 1.1310 (previously a major poc).

GBPUSD – potential double-bottom

Posted on January 19, 2019 Written by Chart Prophet

GBPUSD: the chart bounced again from the second test of 1.2481 (30mn poc). Potentially a double-bottom here if that Support holds.

Are safe haven charts providing any clues for equities?

Posted on January 9, 2019 Written by Chart Prophet

Are safe haven charts providing any clues for equities? U.S. Dollar The U.S. dollar is often a safe-haven in times of stress. Stocks have fallen since September and the US Dollar Index has surged. What is interesting right now is the fact that a reversal for the dollar versus GBP and EUR is looking like […]