"GBPAUD: breakout of the Descending Channel" by ThinkingAntsOk
Daily Chart Explanation:
- Price bounced on the Support Zone.
- It is currently on a Descending Channel.
- Bullish Divergence on MACD.
- Price seems to have broken the Descending Channel.
- Potential to move up towards the Resistance Zone at 1.839 and, then, at 1.873.
Check out our Weekly Analysis:
Updates coming soon!
- Price bounced on the Support Zone.
- It is currently on a Descending Channel.
- Bullish Divergence on MACD.
- Price seems to have broken the Descending Channel.
- Potential to move up towards the Resistance Zone at 1.839 and, then, at 1.873.
Check out our Weekly Analysis:
Updates coming soon!