The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
Two "head and shoulders" pattern of AUD/JPY
Information is not investment advice
On the H4 of AUD/JPY, the pair formed the “Head and shoulders” pattern. However, the same pattern was formed on H1, Up to now, on H1, the pair has rebounded from its target at 75.20 and has been moving up. Until the pair stays above 75.27, we can anticipate a return towards 75.44. As soon as the pair closes below 75.27, on H4, we may see a decline to the pattern’s target at 74.975 with a possible correction near 75.08.
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