EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
AUD/CHF turned down
Information is not investment advice
AUD/CHF met resistance in the 0.7200 area and then turned down. The pair is currently supported by the 50-day MA at 0.7090. The decline below this level will confirm a lower top, trigger a “Head and Shoulders" pattern and open the way down to 0.7040 and 0.6970 (Fibo levels of the January-February advance). The return above the 100-day MA at 0.7125 is needed to improve the short-term outlook.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
GOLD: after-breakout consolidation
What happened? Gold was just above $1 800, now - back down below?
EUR/GBP: climbing higher
The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!
OIL: turbulence ahead
OPEC+ will have a meeting this week. What are we to expect?
Choose your payment system
