Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
CAD/JPY reversed support zone
- CAD/JPY reversed support zone
- Next buy target - 85.00
CAD/JPY today reversed up sharply from the support zone lying between the support level 83.70 (previous buy target and the strong resistance level which reversed the pair in May) and the 38.2% Fibonacci correction of the previous sharp downward impulse from the start of June. If the price today closes near the current levels it will form the daily Japanese candlesticks reversal pattern Bullish Engulfing – in line with the active minor impulse waves (iii) and 3. CAD/JPY is expected to rise to the next buy target at the next resistance level 85.00.
The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…
It has not been a good weekend in the crypto space and a reflection of this can be found in Bitcoin, which has managed to consolidate its price action below the level of 8000…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.