BTCMXN Could Reach Support Level
July 1, 2020
Bitcoin on a Potential Dive
July 2, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
The price on British Pound has taken a dive in the last three trading session after almost touching the resistance level at 28.62, now we see that the price is heading towards its support level at 27.7379, if this happens we could expect a support breakout, we will need to wait for this confirmation so we can go ahead and place our short trade, the bollinger bands are getting narrow, hence we should not expect a lot of volatility for the rest of the day since both the British and the American markets are closed, once London opens we could see this volatility increase and the price could start moving more aggressively, The Relative Strength Index decreased from 54 to 48% in addition, the price is trading below the Ichimoku Cloud which indicates that the trend should continue.
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.
