The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
USD/CHF: confirmed 'Double Top' pattern
Information is not investment advice
There's a 'Double Top' pattern, which has been confirmed, so the price was declining. However, the 89 Moving Average has acted as support. Even so, the market is likely going to reach the next support at 1.0111 - 1.0091. If any bullish pattern forms next, there'll be a moment to have an upward correction towards the nearest resistance at 1.0145 - 1.0169.
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