The Brazilian real faced a real challenge during the last couple of days. The USD/BRL pair jumped above the 4 level on Friday and tested the last September highs above 4.11.
Daily Market Analysis
As fears about global economic well-being mount, market players turn to BTC seeing it as a kind of independent alternative.
The last 'V-Bottom' pattern has been confirmed, so that's why the price is consolidating. It's likely that the pair is going to...
The price is declining. In this case, it's likely that the market is going to test the next support...
No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.
The technical necessity of a downturn was visible in XAU/USD for a long time.
There's a 'Shooting Star', which has been confirmed enough. It's likely to have a local upward correction towards...
It's likely that the market is going to test the nearest resistance at 0.6936 - 0.6962 in the short term...
There's a 'Doji' pattern, which has been confirmed. Thus, it's likely that the market is going to test the upper 'Window'...
There's a 'Double Bottom', which has been confirmed, so the price is rising. However, it seems like we could have a bearish...
The pound is affected by Brexit uncertainty and may slide even lower.
On H4, we can see that the pair fixed below the line connecting the lows of April and May in the area of 1.1180.