GBP/USD: pair consolidating under Moving Averages
There's a 'V-Bottom', which has been confirmed, so the market is likely going to test the closest resistance at 1.2658 - 1.2695...
AUD/USD targets 0.7744 after a rebound
Aussie has started to correct the rally from July 28th and it's now heading to test the demand zone established between 0.7644 and 0.7623 levels. Around that zone, we might expect a big rebound to take place, targeting the short-term level of 0.7744, which corresponds to the -23.6% Fibonacci retracement level from such area mentioned above. To invalidate this scenario, AUD/USD should break below 0.7605 and the 200 SMA at H1 chart, which should open the doors to test the 0.7576 level.
RSI indicator is pointing to the upside, favoring the bullish bias in the pair.
Felipe Erazo
Similar
EUR/USD: no any reversal pattern so far
The price is likely going to test the 89 MA soon. If this line acts as support, there'll be a moment to have a decline towards...
GBP/USD: confirmed 'Double Top'
The market is likely going to reach the nearest resistance at 1.2634 - 1.2658. The subsequent pullback from this area...
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
