3 Good Occasions On The EUR/USD, Silver And USD/JPY

Published 06/26/2018, 04:54 AM
EUR/USD
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USD/JPY
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XAG/USD
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SI
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Since the last week, EUR/USD is going higher, using the bounce from the long-term up trendline and a double bottom formation. The upswing stopped on the combination of the mid-term down trendline and the 38,2% Fibonacci. Breakout of those resistances will give us a strong buy signal.


Silver is testing the lower line of the symmetric triangle pattern. It is a second test in the past few days. First bounce was not very strong so there is a chance for a major breakout. Price closing below the yellow area will be a super strong sell signal.


USD/JPY created a head and shoulders pattern. We already saw a breakout of the neckline and the bounce from the horizontal resistance. That should give us a a sell signal but in my opinion, it would be better to wait for the breakout of the 109.37 support first.

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