GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
EUR/USD: will the euro fall?
Recommendation:
BUY 1.1535
SL 1.148
TP1 1.163 TP2 1.166 TP3 1.169
On the daily chart, EUR/USD keeps consolidating in the 1.1510-1.1780 range in line with the “Spike and ledge” pattern on the basis of 1-2-3. A break of its lower border will trigger AB=CD pattern with a target of 200%. On the other hand, a successful test of resistance at 1.1760 will give bulls hope for the resumption of the uptrend.
On H1, there’s a transformation of a “Broadening wedge”. After reaching the 88.6% target of a “Shark”, there’s a big probability of a pullback towards 23.6%, 38.2% and 50% of the wave CD as the pattern is transforming into 5-0.
Ivan Karamazov
Similar
AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Latest news
GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Deposit with your local payment systems
