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2 Different scenario for the GBP/USD Pair

Hello Guys ,
After 2 strong weekly bearish candlesticks, the GBP/USD Pair stops its way at a strong support level which makes us confused wethere the GBP keep shows weakness or it has an other word to say . so that there are two scenario the first is that the pair will reverses its way from this point 1.3720 going back to a higher level at 1.4000 , or it wil contue going downward to reach the level 1.36000
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hunlion avatar
hunlion 27 5月

Unfortunately for us , the GBP/USD took the scenario and keep its way down

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CHF/SGD reached the main support level

Situation:
Based on the long term prospective, after the chf crash at the start of 2015, the price never reached lower then 1.3500.
For this reason i consider this level a very strong support level, from which the price bounced several times,
as shown on the weekly chart.
I expect the price to move higher, infact a bullish candle is formed already on the weekly chart.
Expected rate: 1.3920
Weekly chart:
On the weekly chart i pointed out the main support level, around 1.3500
Daily chart:
On t…
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СОЮЗ "VOLUME EXPERT" и "POWERFUL TRADERS" НАВСЕГДА.

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What can stop the trend?

What can stop the trend? Trend's Killer!!!Iceberg orders can indicate areas of strength. Used properly, they could help validate a setup or provide a cautionary warning at a particular price level. "Navigator" advisor tools are excellent at identifying iceberg orders.
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Download "NAVIGATOR" - https://bidasktime.com/downloadnavi/

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"NAVIGATOR" advisor.

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"NAVIGATOR" - PROFESSIONAL ADVISOR for ATAS!!!

Completely automated system!!!1) Auto rebuilds support & Resistance levels.
2) Shows the importance of Levels.
3) Shows cumulations of volume
4) Autocharting system of balance structure from 240min to 1 min
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GBP/CHF for July 3

WEEKLY CHART EXPLANATION:

William % R – over sell condition
EMA(5,30,90)- down trend
support and resistance
pivot points
MONTHLY CHART:

William % R -over sell condition
EMA(5,30,90)- up trend
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EUR/AUD for July 3

WEEKLY CHART :

William % R -over brought condition
ema (5,30,90)- up trend
support and resistance
pivot points
MONTHLY CHART :

William % R -over brought condition
ema (5,30,90)- up trend
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USD/JPY for July 3

WEEKLY CHART :

Ema (5, 30, 60)-range bounding
william % R-towards over sold
Support and resistance
MONTHLY CHART :

Ema (5, 30, 60)-range bounding
william % R- towards over sold
Support and resistance
Investors are looking for any hints on the possibility of a June hike.
Investing.com's Fed Rate Monitor Tool gives the odds of a June hike at 63.8%.
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USD/CAD for July 3

WEEKLY CHART :

Ema (5, 30, 60)- range bounding
william % R-over brought condition
Support and resistance
MONTHLY CHART:
Ema (5, 30, 60)-range bounding
william % R- over brought
Support and resistance
The weekly and monthly William % r indicating that over brought condition so it will go down.
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