The movement seems to slow down more and more as we approach the trendline. Seeing decreasing volumes and the rise without corrections, we think that from level 113.00 can start a corrective movement to find the push for the continuation of the upside trend. We also highlight the flag from the chart indices of probable long-term bullish evolution. We are therefore...
From the setting of this pair there is a uptrend in progress. Given the breakdown of the latest bearish trendline and helping with Andrews fork, we will try to exploit retracements with movement in the direction of trendline pullback or pitchfork top, to enter short with possible target of 0.67
As can be seen from the chart, we have witnessed the formation of a symmetric triangle on the cable, confirmed by decreasing volumes. Thanks to the news of early elections that have put confidence in the pound, It was generated a strong breakout of congestion. Using Fibonacci retracements and helping us with Elliott's wave structure, we could see a retraction in...
OANDA:EURJPY As a result of the gap formed after the French election, a rally has started and it could bring the price to test the megaphone bearish trendline. We want to point out that the uptrend has very low volumes that, with the failure of gap closure and with the indicators in overbought phases, suggesting a likely rebound to dynamic resistance. Therefore,...