We have outlooked several promising Forex pairs and the result can surprise you!
EUR/JPY: a “Shark” pattern
Information is not investment advice
EUR/JPY has been trading within an uptrend channel since the end of March. The pair is testing levels above the 50-day MA at 125.35 and getting closer to the 100-day MA and the resistance line connecting March highs above 126.00.
The pair will likely be able to rise from the current levels and test resistance. The area between 125.85 and 126.00 will be attractive for selling given the “Shark” pattern that is formed on the chart.
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.