USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
EUR/USD: bullish 'Three Methods' pattern
There's a bullish 'Three Methods' pattern, which has been confirmed. So, the pair is likely going to test the next resistance at 1.1478. If a pullback from this level happens little later on, bears will probably try to deliver a downward correction.
We've got a bullish 'Hammer', which has been formed above the 'Window'. Also, there's no any confirmed bearish pattern so far. Thus, the market is likely going to reach the previously tested resistance at 1.1478. This level could be a starting point for a decline towards the Moving Averages.
Galya Svetlova
Similar
The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
Deposit with your local payment systems
