GOLD: 'Shooting Star' at the 'Window'
It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...
GBP/USD: bullish "Thorn" pattern
We've got a pullback from the Moving Averages and a bullish "Thorn" pattern, so the price is rising. The main intraday target is resistance at 1.2982 - 1.3006, so if we see a pullback from this area, there'll be an opportunity to have a bearish correction.
The price has broken the local downtrend, but bulls faced resistance at 1.2967. Nevertheless, we're likely going to see the price even higher in the short term. In this case, we should keep in mind the closest resistance at 1.2982 - 1.2991 as the next bullish target. If a pullback from these levels happens, bears will have a green light to deliver a local correction.
Sergey Logachev
Similar
USD/CAD: confirmed 'V-Bottom' pattern
We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...
USD/JPY: 'Three Methods' pattern still in force
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
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
