It's likely that the market is going to continue falling down in the short term towards the previously tested support...
Daily Market Analysis
GBP/USD turned down from the levels around 1.3015 this week and fell below the 100- and 200-day MAs in the 1.2960 area.
There's a bullish 'Hammer', which hasn't been confirmed yet. Thus, it's likely that the market is going to test the next support...
There's a 'Thorn' pattern, which is likely going to be confirmed soon. In this case, we should watch the nearest resistance...
AUD/NZD met the resistance of the 50-week MA in the 1.0700 area.
The price is still consolidating between two 'Windows'. Also, there's a bullish 'Doji', which has been confirmed enough...
There's a 'Triple Top', which has been confirmed by the last 'Pennant' and 'Flag' patterns, so the price...
EUR/USD will remain under negative pressure as long as it stays below the weekly pivot point at 1.1262.
The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed...
There's a 'Triple Top' pattern, which pushed the price lower, so all the Moving Averages have been broken...
Last week NZD/USD made a significant thrust to the downside.
There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...