The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
USD/JPY: 'Hammer' right above the 'Window'
Information is not investment advice
The last 'Engulfing' pattern led to the current decline. At the same time, there's a 'Hammer' right above the 'Window', so we're likely going to have a local upward correction towards the upper 'Window' (111.09). The subsequent pullback from this level could lead to another decline towards the next support at 108.13.
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.