USD/CAD: 55 Moving Average acting as support
There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...
AUD/JPY reached buy target 84.00
- AUD/JPY reached buy target 84.00
- Next buy target - 84.50
AUD/JPY continues to rise after the recent breakout of the resistance level 84.00 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of this resistance level follows the earlier breakout of the resistance trendline of the well-formed daily Triangle from March – which accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of May. AUD/JPY is expected to rise to the next buy target at the next resistance level 84.50 (top of waves (1) and B).
Dmitry Chernovolov
Similar
USD/CHF: price to test nearest support
The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed...
GBP/USD: 144 MA acting as resistance
There're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed...
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
