The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
GBP/USD: bullish 'Doji' and 'High Wave'
Information is not investment advice
There're bullish patterns such a 'Doji' and a 'High Wave', which has been confirmed by the last 'Three Methods'. At the same time, we've got a bearish 'Harami', but this pattern hasn't been confirmed yet. Thus, it's likely to have a local correction towards the Moving Averages. If these lines act as support, bulls will probably try to reach the previously tested resistance at 1.3217.
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?
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
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?