EUR/USD: bullish 'Engulfing'
The price faced with resistance by the 89 MA. In this case, we should watch the lower 'Window' as...
GBP/CAD targeting lower levels
It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1.7255. Around that area, a pullback could happen in order to go towards the -23.6% Fibo zone at 1.7054. To the upside, a breakout above the 200 SMA should expose the highs from May 18th.
RSI indicator remains in the negative territory, favoring to the bears.
Felipe Erazo
Similar
GBP/USD: 'Double Top' led to decline
There's a 'V-Bottom', so we should watch the nearest resistance at 1.2634 - 1.2661 as an intraday target...
EUR/USD: 'Evening Star' pattern
There's a green light to have a bearish correction towards the Moving Averages. If a pullback from these lines happens next...
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
