Despite the rally stalling in the last few sessions and DeMark sell signals appearing on the charts, clear candlestick reversals signals have not yet appeared for Cable, according to Andy Dodd at Louis Capital Markets.
A bearish signal has appeared for USD/JPY and a medium-term reversal may be close, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
GBPUSD is on the cusp of completing a classic bull wedge continuation pattern, says David Sneddon and his team at Credit Suisse in London.
GBP-crosses are heading higher fuelled by greater certainty to Brexit proceedings, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight, and GBP/AUD may be the most bullish expression of this move.
Several signs suggest that USDJPY is in the midst of a significant change of trend and will head back towards the 112.40 Spring high, according to David Sneddon and his team at Credit Suisse in London.
The US Dollar Index has been capped at its 200-day moving average and the risk is that it now turns back lower for a resumption of the sell-off, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin has moved back above both its trend channel resistance and 200-day moving average – a positive bullish development according to Tony Sycamore at TECHFX TRADERS.
Brexit optimism is fuelling a significant shift in sentiment for GBPUSD, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
The result of the Canadian election has left USDCAD testing its long-term uptrend, says David Sneddon and his team at Credit Suisse in London.
The break and close above downtrend resistance at the end of last week is an indication that a medium-term low is in place for EURUSD, according to Tony Sycamore, Director
