Market is overall sell so far and bear weighing against bull. Probably we may see some new lower highs and lower lows further.
Euro is in manipulation prolly due to the global condition at the moment by this pandemic. Trillions and billions of moolah been printed out from global center banks are just an rotten news at this point and everyone is racing against to combat the virus and protecting their own plunging economy. System has already cracked and no idea how long it might be going...
I had some correlation anticipation over it I don't mean it as a pure reversal but in my opinion, some retracement might be incoming for this pair.
After breaking below its long period ascending trend line, this pair pulled up for a quick retest and is now ready to gain power on its downtrend. EUR/JPY is now down to the 38.2% Fibonacci extension, and moving averages suggest that further losses are in the works. The 100 SMA crossed below the 200 SMA to confirm that bearish momentum is in play, and the former...
It looks like a successful break-and-retest. AUD/JPY found resistance at the former support level around 74.25 and is resuming its slide to the next downside targets. The 38.2% Fibonacci extension level appears to be holding as support at the moment, but stochastic has room to move lower before reflecting exhaustion among sellers. Bearish pressure could still...
This pair seems to have broken past the neckline of its double bottom pattern, signaling that a reversal from the downtrend is underway for the long time horizon.
Aussie pairs got a good boost from the RBA decision in the Asian session as the central bank sounded optimistic about global and domestic growth prospects. However, this bullish reaction might be short-lived as market players remain mostly risk-averse while coronavirus contagion fears are present. AUD/CHF is trading below 200 SMA visible on its 1-hour time frame...