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...
USD/JPY: price going to test "Window"
There's a bearish "Engulfing" on the 21 Moving Average, so the price is likely going to test the last low and the nearest "Window". If a pullback from this level happens, there'll be time for a local upward correction.
The 89 Moving Average has acted as resistance, so we've got an "Engulfing" pattern, which has been confirmed. Also, there isn't any bullish pattern so far, which means the market is likely going to continue moving down during the day.
Galya Svetlova
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GBP/USD: 34 Moving Average acting as support
If a pullback from the nearest support could lead to an upward price movement towards the next resistance...
EUR/USD: 'Shooting Star' led to decline
There's a bearish 'Three Methods' pattern, so the price is likely going to test the next support at 1.1363 soon...
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...
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