USD/JPY: bears going to push price even lower
The main trend is still bearish. Also, there’s a “Three Methods” pattern, which hasn’t been confirmed yet.
Daily Market Analysis
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EUR/USD: price going to test "Window" again
The 34 Moving Average and the upper “Window” have acted as a resistance.
GBP/USD: pound is under strong resistance
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under daily resistance; the local market is overbought.
EUR/USD: euro supported by Senkou Span B
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are in a same value; the prices are supported by bottom border of the Cloud.
GBP/USD: pound is a bit cramped on the ledge
On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues…
EUR/JPY: euro's precipitous downfall
On the EUR/JPY daily chart, quotes fell to the lowest level since November 2016…
GBP/USD: Moving Average waiting for bears
The price faced a support at 1.2506, so there’s a consolidation, which is taking place on the four-hours chart.
EUR/USD: "Double Top" still pushing price lower
The main trend is still bearish. The price faced a support at 1.0600, so there’s a developing upward correction.
Morning brief for April 17
Sleeping Forex – the Land of Nod…The market was too sleepy to start this week with major trading centers still closed for a holiday on Monday…
EUR/USD: outlook for April 17-21
EUR/USD has been hovering around the support line from this year’s lows…
US dollar: ourlook for April 17-21
In line with our expectations, the US dollar continued its broad consolidation…
EUR/USD: bears going to deliver impulse wave
As we can see on the one-hour chart, there’s a diagonal triangle in wave c of (ii).
