USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GBP/JPY: developing 'Flag' pattern
Information is not investment advice
The market is consolidating along the Moving Averages. It seems like we're going to have a 'Flag' pattern. If so, the market is likely going to achieve the nearest resistance at 147.00 - 147.80 in the coming hours. The subsequent pullback from these levels could lead to a decline in the direction of the previously tested support at 144.13 - 143.71.
Sergey Logachev
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AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD has some fuel
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
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