EUR/USD: BULLISH 'INVERTED HAMMER'
There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.
BITCOIN (BTC/USD): STRONG BIDS PLACED AROUND 7,586
Bitcoin continues to find support above the 7586 level, where buyers are actively concentrated and trying to resume the upward bias in the short term. Currently, there is a slight consolidation below the 50-hour moving...
GOLD (XAU/USD) ENDING A POSSIBLE CORRECTIVE MOVE
Gold has been trading in a bearish tone below the 50 SMA at H1 chart following the US GDP data release during March 28th session. Currently, we’re seeing a corrective move to take place in favor of the overall bullish structure...
EUR/USD: "V-TOP" PATTERN
The main trend is still bullish, but there's an opportunity to have a bearish correction in the short term. So, we should keep an eye on the nearest support at 1.2412 - 1.2387 as an intraday target.
There's a "V-Top" pattern, so the pair is likely...
GBP/USD: "DOUBLE TOP" PATTERN
There's a "Double Top" pattern, so the market is likely going to test the nearest support at 1.4144. However, if we see a pullback from this line afterwards, bulls will probably try to reach the next resistance at 1.4277 - 1.4344.
WEEKLY FOREX OUTLOOK: MAR. 26-30
US President Donald Trump signed a presidential memorandum that will target up to $60 billion of Chinese products with tariffs. If China comes up with countermeasures, trade tensions will escalate further.
Concerns about trade wars have...