USD/JPY broke below the January-March support line and the picture for the pair turned bearish.
Daily Market Analysis
The market faced support by the 55 Moving Average and the 'Window', so there're bullish patterns such...
All the Moving Averages have been broken. In this case, we should watch the previously tested resistance...
Netflix stock closed yesterday above February and March highs in the 371.00 area.
The outcome of the Federal Reserve’s meeting was dovish enough to let gold prices soar.
There's a bearish 'Engulfing' pattern, which has been formed under a local 'Window'. This pattern hasn't been confirmed enough...
It's likely that there's a developing 'Pennant' pattern. If so, the price is going to test the nearest support...
Google stock has been trading on the upside since the start of the year.
The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting.
There're bearish patterns such a 'Shooting Star' and a 'Harami', which both have been confirmed...
There's a local 'V-Bottom' pattern, so the pair is likely going to achieve the previously tested resistance...
The pair consolidated in the middle of the bullish channel during the last 5 days.