EUR/USD: confirmed "Hammer"

EUR/USD: confirmed "Hammer"


There are bullish patterns such a "Piercing Line" and a "Harami", which both have been confirmed. Therefore, the market is likely going to test the 34 & 55 Moving Averages. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.


We've got a confirmed "Hammer", which has been formed at the last local low. Meanwhile, we could have a local bearish correction during the day, but bulls are likely going to reach the 144 Moving Average afterwards.



GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


Latest news

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.


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