Posts Tagged ‘100Day’
GBPUSD Descending Channel Remains Intact, Eyes the 100-Day SMA
The GBPUSD has worked its way into a descending channel on the 15 minute chart.
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EURGBP Pares Friday’s Decline and Finds Support at the 100-Day SMA
After breaking and closing above the 100-day moving average, the EURGBP looks poised to push higher over the next 24 hours as the pair finds support by a rising trend line.
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EURGBP At the Crossroads of the 100-Day Moving Average
The EURGBP is looking for direction during the North American session, with focus surrounding the 100-day SMA. A close above this moving average may set the stage for a long trade, while a failure will lead to downside risks back towards 0.8276.
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