USD/JPY: 'Morning Star' pattern
The pair is going to test the upper 'Window' shortly. A pullback from this level could be a starting point for another decline...
USD/CAD close to make a pull back
USD/CAD has been recovering since September 8th session and it’s now consolidating gains above the 50 SMA at H4 chart. Currently, Loonie is facing a resistance around the Fibo area of 50% at 1.2362 and if the pair manages to pull back in that territory, we should expect declines to reach the first target to the downside at the 1.1921 level, once it manages to break the low of 1.2063.
RSI indicator remains in the positive territory, favoring to another higher extension.
Felipe Erazo
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There's no any reversal pattern so far, which means the price is going to continue declining towards the next support area...
GBP/USD: 'V-Bottom' led to consolidation
It's likely that the 34 Moving Average is going to act as resistance. If so, there'll be a green light for another decline...
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AUD/USD: bulls cant breaking out SSB’s resistance
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
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