EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
CAD/JPY reversed from resistance zone
- CAD/JPY reversed from resistance zone
- Next sell target - 87.60
CAD/JPY recently reversed down sharply from the resistance zone lying between the key resistance levels 91.50 (which stopped the previous sharp upward impulse wave (3) in September, as can be seen below) and 90.80 (top of the previous B-wave). This resistance zone was further strengthened by the upper daily Bollinger Band. CAD/JPY is expected to fall further toward the next sell target at the next support level 87.60 (low of the previous ABC wave 2).
Dmitry Chernovolov
Similar
GBP/USD: 'Pennant' pattern
The market is likely going to achieve the next resistance at 1.3172 - 1.3212 within the next few hours...
GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
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
