pepy Posted August 12, 2016 Author Share Posted August 12, 2016 EURGBP's daily time frame saw Doji candle formed, but the prices failed to penetrate the upper band and closed below. So for the other indicator such as RSI (14) observed descend to around level 68. Stochastic (5,3,3) which is fall to around level 92. Macd (12,26,9) created higher low. The conclusion is price may fall considering the bias which is bearish and the price may fall to psychological support at 0.84003 in the area of the middle band. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 15, 2016 Author Share Posted August 15, 2016 On daily frame,EURGBP successfully break the higher price and this means there is bigger potential for this pair to keep rising even it seems that there is some hindrance with the price may fall once again. The other indicators overall supports bullish or rising movement with RSI(14) ascend to level 48 and Stochastic rise to level 57. The next target seems to be at 0.87002 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 17, 2016 Author Share Posted August 17, 2016 Candlestick bearish engulfing pattern formed on EURGBP's daily frame chart with RSI (14) and stochastic (5,3,3) are both fall down to level 66. Other than that there is MACD (12,26,9) which formed higher low. Price bias for this pair is bearish and it may fall down to around 0.85902 which is EMA10. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 18, 2016 Author Share Posted August 18, 2016 On 30 minutes chart EURGBP saw the formation of bearish engulfing pattern for followed by the price which break the lower band and moving below daily pivot. The bias is clearly bearish and the price will fall further until NY session end. RSI (14) which become additional indicator support this with down movement to around level 47, while Stochastic (5,3,3) fall to around level 50. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 22, 2016 Author Share Posted August 22, 2016 Bearish sentiment is over EURGBP on H1 chart, and bearish engulfing pattern spotted on this chart with the price able to break middle band down. RSI(14) spotted to fall down at level 37 or possibly lower, while Stochastic (5,3,3) fall down to level 56, MACD(12,26,9) formed lower lows. Bias is bearish and the price potentially fall to around 0.85993. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 23, 2016 Author Share Posted August 23, 2016 Three black crows formed on H1 chart of EURGBP with the price break EMA20 down. MACD(12,26,9) formed lower low and Stochastic (5,3,3) also observed descend to around level 36 . While RSI(14) do the same with fall to around level 30 . The bias is bearish and the price may fall towards level 0.85803. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 25, 2016 Author Share Posted August 25, 2016 Dragonfly doji spotted on 1 hour time frame of EURGBP and the price at the same time is overbought too, just wait for this pair to fall down. RSI(14) also observed to 46, while Stochastic already formed bearish crossover and fall to 82. MACD(12,26,9) formed higher low. The bias is bullish and price may drop to 0.84810 . Quote Link to comment Share on other sites More sharing options...
pepy Posted August 26, 2016 Author Share Posted August 26, 2016 Despite of the sentiment, it seems EURGBP just made correction after dropped few pips, not to mention Stochastic (5,3,3) formed bearish crossover and this indicator fall to 44 and RSI(14) fall to 46. MACD is lower high now after higher high. So far i don't see it will be a strong bearish but rather continuous bearish movement and this pair may fall down further to 0.85000 . Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2016 Author Share Posted August 29, 2016 Wedge pattern formed on 1 hour time frame chart frame of EURGBP with other indicators supported it. RSI(14) fell to level 47, followed with Stochastic (5,3,3) which also fell to level 31, MACD(12,26,9) formed lower low. Bias for this pair is bearish and the next target is located at 0.85258 . Quote Link to comment Share on other sites More sharing options...
pepy Posted August 30, 2016 Author Share Posted August 30, 2016 Hanging man spotted on H1 chart of EURGBP, and the next candle is bearish candle withe the position closed below pivot line. At this moment, RSI(14) fall to around level 47 while Stochastic (5, 3, 3) fall to around level 61. MACD formed lower high. The bias is bearish and price may fall further at most to 0.85223 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 31, 2016 Author Share Posted August 31, 2016 Based on H1 chart, EURGBP rejected by pivot line today twice and the price is falling now, Considering the other indicator such as RSI(14) which fell to level 38 and maybe lowe and Stochastic(5,3,3) which fell to level 22. Bias is bearish for now and i predict that the next target at 0.85093. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2016 Author Share Posted September 1, 2016 EURGBP on H1 chart formed pinbar and lose its bullish momentum, however this pair seems still has some pressure from buyer. Anyway RSI (14) seems to rise to level 44 while Stochastic (5, 3, 3) rise to level 22. For now this pair seems to be bearish and the next target is at support level which located at 0.84901 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2016 Author Share Posted September 1, 2016 The price of EURGBP at 1 hour chart is moving below the pivot line and EMA20 also in lower band. RSI(14) and Stochastic(5, 3,3) both fell to 44 and 22, not to mention lower high formed after higher high by MACD(12,26,9). I predict this pair will fall and will touch at around 0.84952 in this evening. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 2, 2016 Author Share Posted September 2, 2016 H4 trend is pretty similiar to the others where, EURGBP spotted to break the middle band and closed below, also EMA20 become another support for this pair today. RSI and Stochastic observed fall to both at level 42 and 25 respectively, while MACD(12,26,9) formed lower low. This pair then is bearish with the next target could be at 0.84159 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 8, 2016 Author Share Posted September 8, 2016 Reversal spotted on 4 hour time frame chart and there is another bullish candle followed. RSI(14) formed bullish signal and rose to around level 60, Stochastic (5,3,3) rose around level 77 and with bullish signal. MACD formed higher low. The prediction is bullish and the price may rise up to around 0.84670 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 9, 2016 Author Share Posted September 9, 2016 EURGBP on H4 chart rejected by EMA20 and middle band, also formed big white candle. With these it is clear the pair is under bullish sentiment. RSI and Stochastic both fell to 60 and 50 but MACD is formed higher high. I think overall still bullish even both RSI and Stoch are bearish. Next target is at 0.84856 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 12, 2016 Author Share Posted September 12, 2016 EURGBP on H1 chart formed big white candle followed by small black candle indicated for reversal. Price is just break middle band and is above EMA20. Parabolic SAR indicator (0.02,0.2) showed sell signals, RSI (14) spotted rise to level 59, while Stoch indicator (5,3,3) rise to level 32. The bias is bullish with target at 0.85005, need to watch price correction for parabolic sar showing sell signals Quote Link to comment Share on other sites More sharing options...
pepy Posted September 13, 2016 Author Share Posted September 13, 2016 EURGBP is closely moving below daily pivot and middle band not to mention there was hanging man spotted followed by black candle on H1 chart. RSI(14) on this frame fell to level 35, Stochastic also fell to level 28. MACD(12,26,9) formed lower low. Parabolic SAR is showing bearish signal for us. The next target is at 0.83154 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 14, 2016 Author Share Posted September 14, 2016 On EURGBP's 4 hours time frame i spotted 3 white soldiers indicated a strong bullish sentiment for this pair the price also in the upper band, not to mention RSI(14) also showing the same bullish signal with upward movement to level 61, Stochastic (5,3,3) rose to around level 76 and MACD in the green zone with lower high. The prediction for today is bullish and the target is at 0.85467 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 16, 2016 Author Share Posted September 16, 2016 Bullish engulfing pattern formed on 30 minutes time frame chart of EURGBP with the price also failed to break the lower band and bounced higher. Not just that Parabolic SAR also formed bullish signal and RSI(14) rose to level 68. MACD on the other hand in the bearish zone but formed higher low which means it will be limited bearish. Overall i think EURGBP may rise to 0.8515 at most. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 20, 2016 Author Share Posted September 20, 2016 On 1 hour time frame it seems that EURGBP still under bullish pressure. Wedge pattern also formed and it seems before there is a big white candle which gives indication for more bullish sentiment. Parabolic SAR in this chart is bullish with that moving below of the current price, RSI(14) is bullish with rose to level 61 and Stochastic(5,3,3) observed near overbought zone. MACD(12,26,9) is considered to be bullish which means in green zone. Based on that all EURGBP have tendency to be bullish.- Quote Link to comment Share on other sites More sharing options...
pepy Posted September 21, 2016 Author Share Posted September 21, 2016 Based on the 1 hour time frame chart we have here it seems that EURGBP still has some resistance. The price itself still holding its position for few days and up to now. The potential for bullish movement is still possible with the target at 0.8620 up to 0.8695. RSI(14) in this chart rose to level 46 and MACD on the green zone with lower lows. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 22, 2016 Author Share Posted September 22, 2016 H1 chart. Parabolic SAR is moving above the price supported by 2 indicators where RSI(14) fell down to around level 45 and Stochastic (5,3,3) which fell down to around level 29. MACD in this chart doesn't seems will have great bearish but the price formed higher low on the red zone means weak bearish. EURGBP's bias is overall bearish with target at 0.8565 which is EMA100 and 1st resistance. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 23, 2016 Author Share Posted September 23, 2016 Wedge pattern initialized on h4 chart of EURGBP, also by the hammer formed before indicated this bullish strend is quite strong. Stochastic seems rise from previous lower level to 52, and RSI rise to level 68. MACD in the green zone. The other aspect here is that breakout of upper band is strong enough to push the price higher and i think EG may reached 0.86805 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 26, 2016 Author Share Posted September 26, 2016 Doji observed to form itself on EURGBP's 4 hour time frame when the price failed to break the resistance at 0.86670. By this condition it seems this pair is under bearish sentiment. Macd (12,26,9) formed higher low on red zone. RSI(14) fall down to level 67. Stochastic (5,3,3) fall down to around level 82. Bias for this pair is bearish with the support located at 0.86060. Quote Link to comment Share on other sites More sharing options...
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