CAD/JPY reversed from support zone Next buy target - 83…
Daily Market Analysis
GBP/CHF reversed from resistance zone Next sell target - 1…
The price has been rising since we had an "Inverted Hammer" at the last low.
We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak.
The last upward "Wedge" has been broken, so the pair plunged like a stone. Finally, bears meet with support at 1.2634.
The pound slumped to 1…
We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages.
Recommendation: SELL 123,2 SL 123,75 TP 121…
Recommendation: SELL $1270 SL $1285 TP $1240…
Expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are corrected to local resistance and may continue the downtrend.
Bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the prices are under the main daily resistance and local market is overbought.
Seven weeks ago, prime minister Theresa May called the snap election seeking a stronger mandate in talks over leaving the European Union…