The 55 Moving Average is acting as resistance. In this case, the pair is likely going to reach the next resistance...
Daily Market Analysis
We've got a 'V-Bottom', so the market is likely going to reach the previously tested resistance at 0.7205...
USD/ZAR met resistance at the line connecting September and October highs and turned down.
There's a bearish 'Engulfing', which has been confirmed. Also, the pair fixated below the 'Window', so we should watch the...
If the market breaks the low of the last 'V-Bottom' (1.3011), there'll be a moment to have a downward correction...
GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.
USD/CHF is indecisive between 1.0025 and 0.9985, where it consolidated for 2 days.
Let’s face it: the famous safe-haven Japanese yen is the most undervalued major currency right now. Let’s find out the reasons behind this performance of the Japanese currency.
It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...
We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...
Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
AUD/CHF met resistance in the 0.7200 area and then turned down.