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: resistance waiting for bulls
The price is still rising, so bulls faced resistance at 1.1249, which led to the current consolidation. Therefore, the pair is likely going to test the nearest support at 1.1204 - 1.1171 in the short term. If we see a pullback from this area, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1287 - 1.1307.
We've got a "Double Top" pattern, which has been confirmed. So, bears are likely going to reach the closest support at 1.1204 - 1.1196 in the coming hours. However, if a pullback from these levels happens, bulls will probably try to test another resistance at 1.1287.
Sergey Logachev
Similar
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.
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
