The price has been rising since we had an "Inverted Hammer" at the last low.
Daily Market Analysis
We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak.
The last upward "Wedge" has been broken, so the pair plunged like a stone. Finally, bears meet with support at 1.2634.
The pound slumped to 1…
We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages.
Recommendation: SELL 123,2 SL 123,75 TP 121…
Recommendation: SELL $1270 SL $1285 TP $1240…
Expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are corrected to local resistance and may continue the downtrend.
Bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the prices are under the main daily resistance and local market is overbought.
Seven weeks ago, prime minister Theresa May called the snap election seeking a stronger mandate in talks over leaving the European Union…
NZD/USD reached buy target 0…
EUR/USD reached buy target 1…