The 55 Moving Average has acted as support, but there's a bearish "Doji" on the last high. So, the price is likely going to test...
Daily Market Analysis
The price is consolidating between the levels 1.3032 - 1.3047. Also, we've got a "Triangle", but the 89 Moving Average...
The upper side of the last "Wedge" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance.
Recommendation: BUY 0…
On the daily chart, USD/JPY bulls are trying to return the pair inside the triangle…
Irregular bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of the lines; the prices are on the support of Tenkan-sen and Kijun-sen.
Expanding bullish Ichimoku Cloud with rising Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen and Kijun-sen; the market returned into the positive area and will supported by the Cloud.
The precious metal has been strong across the Forex market and it’s consolidating gains well above the $1290 level…
EUR/GBP reached buy target 0…
EUR/USD rising inside minor (b)-wave Next buy target - 85…
We've got a "Harami" and a "Tweezers" patterns. In this case, the pair is likely going to test the Moving Averages in the short term.
The 55 Moving Average has been tested once again, so we've got a bearish "Tower", but this pattern remains unconfirmed.