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There’s a “V-Top” at the last high, so the price is consolidating between the levels 1.0872 – 1.0828. Therefore, bulls are likely going to test the nearest resistance at 1.0918. If a pullback from this level happens, there’ll be an opportunity to have a decline towards a support at 1.0759 – 1.0736.
We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918. However, if we see a pullback from this area, bears will probably try to achieve the 89 Moving Average, which could act as a support.
AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…
Thursday was also a day where bears dominated the price action in the cryptocurrency and now it seems that the spotlights are pointing towards the Fibonacci level of 78…
CAD/CHF broke support area Next sell target 0…
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…
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