
There's an opportunity to have a local bearish correction in the coming hours...
In-depth technical & fundamental analysis for currencies & commodities
There's an opportunity to have a local bearish correction in the coming hours...
On the daily chart of EUR/GBP, bulls have finally managed to bring the pair out of the consolidation range between 0.87 and 0.8835.
On the daily chart of EUR/USD, bulls are for the second time trying to counterattack and trigger the reversal pattern a “Dragon”.
Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.
AUD/JPY reversed from support zone Next buy target - 82…
EUR/NZD broke resistance zone Next buy target - 1…
The price is going to test the nearest support at 109.89. If any bullish pattern forms next, there'll be a moment for another advance...
There's a bullish 'Hammer', so the market is likely going to test the 34 Moving Average (1.1636). A pullback from this level...
The pair faced with support at 1.3061, so it's likely to have a bullish correction in the direction of the nearest resistance...
There's a 'V-Bottom', so the price is going to test the closest resistance at 1.1572 - 1.1599. If a pullback from these levels forms...
On the daily chart of USD/JPY, the inability of bears to pull the pair below the uptrend channel points at their weakness.
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