The British Pound has been challenging strong resistance with increasing volume. Looking at the chart long term, weekly time frame, I am getting signals telling me that it might move up against the U.S. Dollar, here is why:
Looking at the U.S. indexes, such as the SPX, can support the findings on this chart.
You can see my latest analysis here:
Russell2000 (RUT):
Conditions for change: If the October 2018 low is taken out, then this analysis would become invalid and a new one is needed.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
- Now trading above EMA10 and EMA50.
- Hitting higher lows since October 2018.
- Increasing bullish volume.
- Bullish RSI.
- MACD trending up and entering the bullish zone.
Looking at the U.S. indexes, such as the SPX, can support the findings on this chart.
You can see my latest analysis here:
Russell2000 (RUT):
Conditions for change: If the October 2018 low is taken out, then this analysis would become invalid and a new one is needed.
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.