Analyses forex Yen is trying to attack. As we can see in the H4 chart, the downtrend continues.
As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer, Inverted Hammer, and Harami reversal patterns. Ichimoku Cloud, which means that it may continue growing. The Euro is recovering, but facing a lot of risks. 2018On Monday, the main currency pair is trading upwards, but it may not last long. As we can see in the H4 chart, the convergence made XAUUSD reverse and start a new uptrend, which has already reached the retracement of 23. EURUSD is forming a new ascending impulse. As we can see in the H4 chart, USDCAD has reached the resistance level and formed several Shooting Star and Engulfing reversal patterns there.
The Euro is back to its five months lows. As we can see in the H1 chart, the convergence made BTCUSD complete the downtrend and start a new correction to the downside, which has already reached the retracement of 23. As we can see in the H4 chart, after reaching the support level and forming several Hammer, Inverted Hammer, and Engulfing reversal patterns, NZDUSD has started a new correction. EURUSD is forming descending structure with the target at 1. Ichimoku Cloud, which means that it is moving sideways. Get exceptional privileges by joining our VIP program. Access from 100 USD to the real stock market.
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The euro fell as low as 1. 15 level on Tuesday morning before bouncing off the low. Chart Of The Day: Euro Headed For A Steep Correction? GBP Bearish: Currently we are at 0. 8715 in the bottom of a range.
We are looking for a continuation to the 0. 8669 and then a continuation to the day support at 0. GER 30The German Index has fallen further today after the turmoil in Italian politics sparks a risk off mood in Europe and further afield. The start of the week’s trading took place around excitement in the political situation in Italy and the unsuccessful attempts of Crude Oil to rebound.
A negative vibe is being felt across the financial markets, as political chaos in Italy has caused an eruption of risk aversion and revived fears over a possible Eurozone breakup. JPY’s decline accelerates to as low as 125. 09 so far today and takes out 126. CAD remains on the upside for the moment. JPY weakens again today but near term outlook remains unchanged. USD at fresh yearly lows Nikkei -0.