Stock market: Pepsico keeps fighting
The stock of Pepsico formed a kind of messy inverted “Head and Shoulders”.
EUR/NZD is in a triangle
Trade ideas
SELL 1.7240; TP1 1.7170; TP2 1.7050; TP 1.7260
BUY 1.7455; TP 1.7550; SL 1.7435
EUR/NZD met resistance in the 1.7570 area, at the line connecting the 2019 highs. The pair failed to close near this level last week and went down to consolidate around 1.7325. On H4, we can see that the consolidation is taking the form of a triangle and that Awesome Oscillator got into the negative territory. The decline below 1.7250 (lower border, 50-period MA) will open the way down to 1.7170 (38.2% Fibo of the July-August advance) and 1.7050 (50% Fibo).
The upper border of the triangle at 1.7430 likely provide resistance. Above it, the pair will have a chance to retest 1.7570, but only a break above this level can open the way to 1.7800.
Elizabeth Belugina
Similar
EUR/JPY is on shaky ground
The euro is fundamentally weak
AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Latest news
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone
GBP/JPY reversed from resistance zone Next sell target - 149…
British pound: decision time is coming
The key question about Brexit now is whether there will a deal between Britain and the European Union or the parties end up without a one.
Deposit with your local payment systems
