
There's a bearish 'Engulfing', which formed at the last local high, but this pattern hasn't been confirmed yet. It's likely that...
USD/JPY remains favored by the bullish bias, which strengthened after the formation of a bullish divergence in the RSI indicator two weeks ago. That’s why we’re drawing a Fibonacci expansion which should give us the upcoming key targets. According to that, the pair should extend its price action towards 112.81 and 113.96 (100%). To confirm such scenario, we should witness first a bullish crossover of the 50 SMA with the 200 SMA at H4 chart.
To invalidate that outlook, we should see a break below the support zone of 111.02, in a move that could open the doors to test the former resistance around 110.45. RSI indicator remains in positive territory, supporting the upside.
There's a bearish 'Engulfing', which formed at the last local high, but this pattern hasn't been confirmed yet. It's likely that...
There's a 'Triple Top' pattern, which has been confirmed, so the price moved higher, but...
It's likely that the price is going to reach the upper 'Window' (1331.05) in the coming days...
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 remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
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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