EUR/USD: green light for upward correction
There's a 'Triple Top' pattern, which pushed the price lower, so all the Moving Averages have been broken...
EUR/USD ahead of Jackson Hole: towards 1.1865?
Ahead of Jackson Hole Symposium this weekend, EUR/USD has been trading in a slightly bullish tone above the 200 SMA at H1 chart. According to our Fibonacci forecast, the pair has made a rebound above the 50% Fibonacci retracement level at 1.1743 and it’s projected to reach the next target for the short-term at 1.1865 (-23.6%). To the downside, the next key area is located at the 1.1696 level, at which lies the 78.6% Fibonacci retracement zone.
RSI indicator remains pointing to the upside, favoring to the bulls in the short-term at least.
Felipe Erazo
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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…
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