What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Harami" pattern
2019-11-11 • Updated
There's a bearish "Harami" pattern, which has been formed under the nearest resistance area. So, we should keep an eye on the closest support area as an intraday target.
The last "Shooting Star" pattern has been confirmed, so the current bullish correction is likely over. In this case, there's an opportunity to have another decline in the direction of the lower "Window".
Similar
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
Latest news
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...