The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/USD: confirmed 'Double Bottom'
Information is not investment advice
There's a 'Double Bottom', which has been confirmed enough, so the pair is rising. The main bullish target is the nearest resistance at 0.6962 - 0.6987 and the 89 Moving Average. The subsequent pullback from these level could be a starting point for another decline towards the next support at 0.6908 - 0.6891.
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
EUR/AUD has been in consolidation lately; are there any clear bullish signs or it is better to hold positions?
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
This week brought various economy news releases related to GBP. What is the layout of the British pound?
Read the opinion by Morgan Stanley and ANZ on the performance of AUD in Q1