GBP/USD: 'Pennant' pattern
The market is likely going to achieve the next resistance at 1.3172 - 1.3212 within the next few hours...
EUR/CHF rising inside intermediate impulse wave (5)
- EUR/CHF rising inside intermediate impulse wave (5)
- Next buy targets - 1.1480 and 1.1545
EUR/CHF has been rising in the last few trading sessions inside the intermediate impulse wave (5), which started earlier – when the pair reversed up from the key support zone lying between the support level 1.1260 (which stopped the A-wave of the previous ABC correction (4)) and the 38.2% Fibonacci retracement of the previous sharp upward impulse from June. EUR/CHF is expected to rise to next buy target at the next resistance level 1.1480 (top of wave B) – followed by the next buy target at 1.1545 (top of impulse (3)).
Dmitry Chernovolov
Similar
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...
USD/CAD is recovering
Last week, USD/CAD held above the strong daily support level.
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
