EUR/USD: bullish 'Tower' pushing price higher
The price is likely going to test the 34 Moving Average, which could be a starting point for a decline...
GBP/USD: developing 'Pennant' pattern
We've got a 'V-Bottom', so the market is consolidating. The main intraday target is the next resistance at 1.3314 - 1.3347. This area could be a starting point for a bearish correction in the direction of the 34 Moving Average.
There's a possible developing 'Pennant', which is about to end. It's likely that the pair is going to test the Moving Averages shortly. If a pullback from these lines happens next, bulls will probably try to reach another resistance at 1.3314 - 1.3347.
Sergey Logachev
Similar
GBP/USD: 89 Moving Average acted as support
There's a 'Thorn' pattern, which has been confirmed. In this case, it's likely that the pair is going to test...
GBP/USD: 'V-Top' led to decline
The main intraday target is the nearest support. A pullback from this level could be a starting point for another upward price movement...
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
