The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
NZD/USD: 34 Moving Average acted as resistance
Information is not investment advice
There's a 'Double Bottom', which pushed the market higher, but the 34 Moving Average has acted as resistance, so the price is consolidating. Also, we've got a 'Triple Top' pattern, which supposed to be the beginning of a local downward correction. Thus, we should watch the nearest important support at 0.6622 - 0.6609 as a potential bearish target. If a pullback from this area happens little later on, there'll be a moment for another upward price movement towards the previously tested resistance at 0.6666 - 0.6683.
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