
The 34 Moving Average has acted as a resistance, so we’ve got a “Doji” pattern on this line.
In-depth technical & fundamental analysis for currencies & commodities
The 34 Moving Average has acted as a resistance, so we’ve got a “Doji” pattern on this line.
We’ve got a confirmed “Shooting Star”, but the price formed a pullback from the closest support.
Aussie slumped to 0…
The US dollar continued its decline during the past week…
The pound strengthened to its highest this year after UK Prime Minister Theresa May called for a snap election on June 8, seeking a personal mandate and parliamentary support to take her through tough Brexit talks…
USD/JPY has managed to stay above the 55-week MA at 108…
EUR/USD was unable to rise above 1…
The price has come back under 4/8 MM Level, so wave (ii) was likely ended.
The price is consolidating between the levels 1.2865 – 1.2774. The 34 Moving Average is going to act as a support.
There’s a “Double Top”, which has been confirmed. Therefore, the market is going to reach a support at 1.0698 – 1.0688.
On the GBP/USD daily chart, there is a consolidation after a sudden rebound…
On the NZD/USD daily chart, the bulls managed to kick the quotes out of the downward trading channel…
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