There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: pullback from the lower 'Window'
There's a pullback from the lower 'Window', so we've got a 'Harami' pattern. In this case, we should keep an eye on the nearest resistance at 110.58, which could be a starting point for another decline.
The 55 Moving Average acted as support, so we've got a 'Doji' and a 'Shooting Star' on this line. It's likely that the market is going to test the closet support at 110.19. A pullback from this level could lead to an advance towards the 89 Moving Average.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
Oil prices have been climbing up for a long time. What have stopped them?
There has been some movement in the EUR/USD chart. What's happening?