Silver (XAG/USD) close to make a rebound
Silver has been trading in a strong bearish bias following a test of the resistance level at 17…
GBP/USD: price consolidating above MA
The main trend is still bullish. It's likely that the pair is going to test the next resistance at 1.4295 - 1.4314. However, if a pullback from these levels happens little later on, there'll be a moment for a decline in the direction of another support at 1.4217 - 1.4199.
The price is consolidating above the Moving Averages. So, we should keep an eye on the next resistance at 1.4295 - 1.4314 as an intraday target. This area could be a starting point for a downward correction.
Sergey Logachev
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CHF/JPY broke powerful resistance level 115.15
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EUR/USD: local bearish "Thorn" pattern
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
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The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
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