GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
EUR/USD: price going to test "Window" again
The 34 Moving Average and the upper “Window” have acted as a resistance. However, there isn’t any bearish pattern, so the market is likely going to test the 89 & 144 Moving Averages in the short term. If a pullback from these lines happens, there’ll be an opportunity to have another decline.
The last bearish “Harami” hasn’t been confirmed, but we’ve got a bullish “Three Methods” pattern. In this case, the price is likely going to test the upper “Window” once again during the day. If a pullback from this level happens, bears will probably try to find a lodgment under Moving Averages.
Galya Svetlova
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USD/CAD is recovering
Last week, USD/CAD held above the strong daily support level.
Gold will continue to consolidate
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
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