The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
EUR/GBP: there's a 'V-Bottom' pattern
Information is not investment advice
There's a 'V-Bottom' pattern, which led to the current upward price movement. The market has broken all Moving Averages lines, so there're a 'Triangle' and a 'Pennant' patterns. Thus, it's likely that the pair is going to reach the next resistance at 0.8767 - 0.8792 in the short term. If a pullback from this area happens thereafter, then bears will probably try to test the closest support at 0.8699 - 0.8681.
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