The GBPUSD was on a bullish run
We can notice that the price is moving in this range, making higher lows and higher lows all the time, which coincide with an uptrend.
That is why we expect a retracement to the bottom line of the rising channel and after that, another upward move that creates new highs
AUDUSD currency pair in the H4 chart.
It is important to recognize the bullish channel that started forming in the final weeks of 2020. Since then, the price has been acting in an uptrend, always making higher highs.
Now, support is found at 0.7750 (green rectangle). We can see that the price cannot retreat from this level by attempting this several times, which...
Fourth-half CADJPY graphical analysis.
As soon as the lower uptrend line touches the channel, a major bullish move has occurred, as the price sits at the key level of 81.500.
We can see several rejection candles in this area which means that the selling pressure is not as high as it should be. This might turn into a major bullish push, and the uptrend will...