AUD/NZD: is it time for a correction?
AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: yen met 3 Indians
Recommendation:
BUY 109.8
SL 109.25
TP1 110.8 TP2 112
On the daily chart, another attempt of bulls to return inside the triangle was unsuccessful. In order to have another chance, buyers need to keep the pair inside the medium-term channel between 108.50 and 114.50. A successful test of its lower border will open the way down to 161.8% target of the AB=CD pattern.
On USD/JPY there's consolidation within the inverted “Spike and ledge” pattern on the basis of 1-2-3. Together with “Three Indians” it’s a serious reversal pattern.
Ivan Karamazov
Similar
Stock market: insights for Citigroup
Citigroup stock jumped this week after the bank released its financial results for Q1.
EUR/USD is not in the best conition
The market has shown that EUR/USD remains a sell on its attempts to recover.
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
