ETHUSD Recovering After Almost Reaching Support
August 25, 2020
EURMXN Confirms Support Breakout
August 25, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
We were expecting the price to reach that support level at 28.64 but the price started to make progress before that could happen, the Relative Strength Index remains almost untouched with just a 1% change, currently at 47%, the price still trades above the Ichimoku cloud which is a sign that an uptrend could come while the bollinger bands are closing up, also suggesting a trend change is coming, the pound could start recovering very soon, the last trading session closed with gains but it could not capitalise the full length of the candle, we would wait a few hours before making a trading decision although technical indicators suggest that an uptrend could start soon.
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.
