We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...
Daily Market Analysis
Information is not investment advice
Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
AUD/CHF met resistance in the 0.7200 area and then turned down.
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
There's a 'Triple Bottom', which pushed the market higher, so all the Moving Averages have been broken...
XAU/USD reached resistance of the uptrend channel in the area of 1347.
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit.
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
The market is consolidating above the Moving Averages. Previously, we had a 'V-Bottom' pattern, which has been confirmed...
AUD/NZD is making movements to the downside which are hard to ignore.
This week offers a chance to trade more stocks on earnings.
There's a bearish 'Engulfing', which formed at the last local high, but this pattern hasn't been confirmed yet. It's likely that...