The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
USD/CAD: there're bearish patterns
Information is not investment advice
There're bearish patterns such a 'High Wave' and a 'Harami', which both have been confirmed. So, it's likely that the market is going to test the 55 Moving Average (1.3346) soon. The subsequent pullback from this line could be a starting point for another advance in the direction of the next resistance at 1.3561. Any bearish pattern near this level will signal that a downward correction is about to start.
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?
On the W1, Brent oil formed a bullish “hammer”…
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.