EUR/USD will remain under negative pressure as long as it stays below the weekly pivot point at 1.1262.
Daily Market Analysis
Information is not investment advice
The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed...
There's a 'Triple Top' pattern, which pushed the price lower, so all the Moving Averages have been broken...
Last week NZD/USD made a significant thrust to the downside.
There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...
AUD/NZD experienced an impressive rally since the end of March.
The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed...
The market has shown that EUR/USD remains a sell on its attempts to recover.
There're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed...
It's likely that the pair is going to test the nearest support at 0.8598 and the Moving Averages...
EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
CHF/JPY has been consolidating within a pennant formation since February.