Begin to rebound in short term for USDMXN, from a technical point of view, USDMXN is supported by the black price area, and the candle pattern, which is Morning Star, implys to rebound soon after.
The Swiss franc is hold by key levels of support.
Look at these two orange horizontal areas in the short term
the bad econmic data boost this action
It looks like FX:USDTRY is more likely to go up
First of all, traders should be pay attention on the upper resistance about 1.1830.
Continue to rise sharply or fall again?
Watch out the downward trendline The resistance made by the long-term upward trendline Foucus on the Price Action around the critical area.
Traders should focus on these critical S/R level recently.
Traders should focus on the critical S/R level recently.
Focus on BOC rate decision at 10:00 PM, May 30th
The potential target is about 0.98176 to 0.98476
Reasons: A. FX:EURUSD Bearish pattern had been formed. B.Break the uptrend line. C.Reasonable profit/ loss ratio.
Reasons: A. FX:USDJPY The wave V of diffusion triangle is working, and short-term bearish trend still intact. B. The fall rhythm is great, showing the Fibo retracement 61.8% level is currently not enough to stop the downward trend. Morever, a downward gap occurred on Monday which predict trend contiune to fall. C. The weekly chart shows the candlestick...
Reasons: A. The corrective wave had been finished, then downtrend is continuing and begin the fifth impulse wave; B. The resistance of 50% fibonacci retracement is working now; C. Reasonable profit and loss ratio.
Reason: A. FOREXCOM:USDJPY The contraction triangle adjustment wave is basically completed, contiuing the downward trend since the peak of November 5, 2017; B. Wave e alwasys below the trend of rising trend line, showing that the momentum of the rally has been declining, and the short potential energy has gradually increased; C. Reasonable profit and loss...