GBP/NZD reversed from resistance zone
GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/USD: lower "Window" waiting for bears
There's resistance by the "Window", but the 55 Moving Average is acting as support. Also, we don't have any reversal pattern so far, which means bears are going to test the next "Window" in the short term.
The 34 Moving Average is acting as resistance, so we've got a bearish "Engulfing" on this line. However, confirmation of this pattern is a quite weak, so the 34 MA could be tested once again. Meanwhile, there's an opportunity to have a new low soon.
Galya Svetlova
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USD/JPY: pair reached upper 'Window'
There's still no any reversal pattern so far. In this case, the market is likely going to test the next resistance soon...
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EUR/USD: "High Wave" stopped bulls
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Morning brief for May 30
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115.15
CHF/JPY broke powerful resistance level 115…
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