Could This Be the End of the Uptrend for ETHUSD?
August 11, 2020
USDMXN Could Start Downtrend
August 12, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
The British Pound tested the resistance last week but the Relative Strength Index was too high for it to continue its uptrend, which slowed it down the next day, since then we are seeing that the RSI has fallen more than 12%, currently at 58%, the price is getting closer to the Ichimoku cloud which can be interpreted as a mixed signal, the Bollinger bands are still wide and we can expect high volatility, we could see the price drop all the way to its support at 28.64 in the next few days, but only time will tell, the moving averages are getting closer to each other and we could expect across in the midterm.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
