EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
USD/JPY: bearish "Shooting Star"
The 55 Moving Average is acting as resistance, so we've got a "Doji" and an "Engulfing" at the local high. However, these patterns haven't been confirmed enough, so the pair is likely going to test the 55 Moving Average once again. If we see a pullback from this line, bears will have a chance to achieve the nearest support level.
There's a consolidation, which is taking place on the one-hour chart. The 144 Moving Average has acted as resistance, so we've got a "Shooting Star" pattern. Under these circumstances, we could keep in mind the lower "Window" as the next bearish target.
Galya Svetlova
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GBP/USD: 'Pennant' pattern
The market is likely going to achieve the next resistance at 1.3172 - 1.3212 within the next few hours...
GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
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GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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