Galina Svetlova
Technical Analysis

USD/JPY: unending consolidation

We’ve got a “Shooting Star” and a “Tweezers” at the local high, but both patterns haven’t been confirmed yet. So, there’s an opportunity to see one more test of the nearest “Window”. If it acts as a support, bulls are likely going to reach the 34 Moving Average. As we can see on the Daily chart, here’s a consolidation under the nearest resistance level, but bears are still free to achieve the lower “Window” in the short term.
315
Galina Svetlova
Technical Analysis

EUR/USD: bulls supported by "Hammer"

There’s a correction under the nearest “Window”. Also, we’ve got a “Hammer” on the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to test the “Window” once again. If we see a pullback from its upper side, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, here’s a “Harami” under the closest “Window”, so bulls will probably try to reach the nearest resistance.
234
Go to News
Galina Svetlova
Technical Analysis

USD/JPY: unending consolidation

We’ve got a “Shooting Star” and a “Tweezers” at the local high, but both patterns haven’t been confirmed yet. So, there’s an opportunity to see one more test of the nearest “Window”. If it acts as a support, bulls are likely going to reach the 34 Moving Average. As we can see on the Daily chart, here’s a consolidation under the nearest resistance level, but bears are still free to achieve the lower “Window” in the short term.
315
Galina Svetlova
Technical Analysis

EUR/USD: bulls supported by "Hammer"

There’s a correction under the nearest “Window”. Also, we’ve got a “Hammer” on the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to test the “Window” once again. If we see a pullback from its upper side, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, here’s a “Harami” under the closest “Window”, so bulls will probably try to reach the nearest resistance.
234
Go to Analytics
Go to Videos
Scroll to top