BABA: Bears target 48.96?
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Just like a few weeks ago, a bearish trend continues to form for BABA.
On the current chart, we can…
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ChartPatterns
Mildly bid above $78.00 within weekly triangle
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WTI picks up bids to snap four-day downtrend, stays within one-week-old symmetrical triangle.…
Bears approach 11-week-old support near 0.6220
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NZD/USD holds lower ground near six-week low, prints four-day downtrend.
Clear break of…
Portrays head-and-shoulders bearish pattern on softer Australia data
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AUD/JPY drops 50 pips as Australia inflation, employment numbers disappoint Aussie buyers.
Looming…
Buyers remain hopeful around mid-0.8800s
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EUR/GBP fades bounce off monthly support, grinds near intraday high of late.
Sustained trading…
Approaches H&S neckline below 0.6900
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The recovery move by AUD/USD might meet offers amid the risk-off mood.
A surprise rise in the US…
Regains $78.00 within weekly rising wedge
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WTI seesaws inside a choppy range after snapping a three-day uptrend the previous day.
Bearish…
Bear flag highlights 0.6315 as the key support
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NZD/USD extends late Thursday’s pullback from weekly high inside bearish chart pattern.
RSI, MACD…
Fades bounce off 200-EMA around mid-131.00s
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USD/JPY reverses the previous day’s recovery from weekly low, sidelined of late.
Firmer RSI,…
Downside looks favored on Inverted Flag formation
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A downside break of the Inverted Flag pattern will drag EUR/JPY firmly.
The 50-and 200-EMAs have…