JPMORGAN: hammer formations
We know that hammer formation may be effective in identifying trend reversals. Let's study it a bit closer to see real-life cases.
GBP/USD: local 'Pennant' pattern
The pair is still consolidating above the Moving Averages. It's likely that the price is going to test the closest support at 1.2706. If a pullback from this level forms next, there'll be time for another upward price movement towards the next resistance at 1.2796 - 1.2814.
The Moving Averages are still acting as support. It seems like there's a local 'Pennant' pattern, which means the market is going to test the nearest support at 1.2706 - 1.2695. Meanwhile, a pullback from this level could lead to a bullish rally in the direction of the last high.
Sergey Logachev
Similar
USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
GOLD: establishing a higher base?
Since last Wednesday, the gold price has been rising. Will it finally get to establish a new baseline level?
Latest news
Goldman Sachs bets against USD
Has the US dollar lost a top position forever?
JPMORGAN: hammer formations
We know that hammer formation may be effective in identifying trend reversals. Let's study it a bit closer to see real-life cases.
Why USD/CAD dropped and for how long?
CAD will get fresh volatility after BOC statement on June 3 at 17:00 MT time.
Deposit with your local payment systems
