Pound v Euro Exchange Rate – The Rally Must Surely End Soon

Pound v Euro Exchange Rate – The Rally Must Surely End Soon

Determining whether an instrument is overbought is done so via observing the Relative Strength Index (RSI) on the charts. A reading above 70 indicates overbought conditions; the RSI on the weekly GBP/EUR chart is at 83.7 at the time of writing – a …

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Forex technical analysis: GBPUSD using moving average to define and limit risk

Looking at the daily chart below, the price moved below a broken trend line on Friday. Today that line comes in at the 1.5106 level and the price is back above that line. If the price of the GBPUSD can stay above that trend line and above the 100 bar …

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Forex technical analysis: GBPUSD breaks to new day highs

Looking at the 5 minute chart, the pairs initial move above the 1.4800 level saw the price move up to the 1.4820 level – only to have that break fail. The price rotated to the 200 bar MA where selling slowed (see green line in the chart below). The …

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Gold, Crude Oil Prices Attempt Rebound as SPX 500 Digests Losses

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The post Pound v Euro Exchange Rate – The Rally Must Surely End Soon appeared first on Forex Success Traders.

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