There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
GBP/USD: confirmed 'V-Top' pattern
The market is consolidating along the Moving Averages. Previously, we had a 'Thorn' pattern. There's also a 'V-Top', which has been confirmed, so the price is likely going to test the next support at 1.2953 - 1.2930 within the next few hours.
There's another pullback from 1.3020, so we've got a 'V-Top' pattern, which has confirmation. In this case, it's likely to have a decline shortly. In this case, we should watch the nearest support at 1.2953 - 1.2930 as an intraday target.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
There has been some movement in the EUR/USD chart. What's happening?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?