EUR/USD: consolidation under Moving Averages
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
USD/JPY looking to strengthen the bears
USD/JPY has been reading a bearish sequence across the board and currently, a sideways range has appeared in the scene, helping to cap further advances in the pair above the resistance level of 109.76, at which lies the Fibonacci zone of 50%. That area represents an interesting area for sellers and if it holds, we can expect a decline to take place towards -23.6% at 108.03.
To the upside, the mentioned scenario could get invalidated with a breakout above 109.75, which should open the doors to test the 110.43 level. RSI indicator remains in the negative territory.
Felipe Erazo
Similar
GBP/USD: confirmed 'Triple Top'
There's a moment for a bearish correction, so we should watch the closest support at 1.2857 - 1.2930 as a target...
EUR/USD: 'Hammer' under the Moving Averages
The market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline...
Latest news
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...
Deposit with your local payment systems
