NZD/CAD could find a top around 0.8930
NZD/CAD managed to make a rebound above the May 17th lows and it’s currently making a retracement from the decline held since May 8th…
EUR/NZD rising inside minor impulse wave 5
- EUR/NZD rising inside minor impulse wave 5
- Next buy target - 1.6200
EUR/NZD continues to rise inside the minor impulse wave 5, which started earlier, with the daily Morning Star from the support zone lying between the support level 1.5710 and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from the middle of April. The active impulse wave belongs to the intermediate impulse (3).
EUR/NZD is expected to rise to the next buy target at the resistance level 1.6200 (target price for the completion of the active impulse wave (3), intersecting with the resistance trendline of the daily up channel from February).
Dmitry Chernovolov
Similar
Bitcoin (BTC/USD): a bottom could be found soon?
The bears were the main protagonists during the past week since the price action remained consolidated below the 200-hour moving average and we have seen that the cycle that we mentioned in previous reports could triple, according to our projections in…
GBP/NZD reversed from resistance zone
GBP/NZD reversed from resistance zone Next sell target - 1…
Popular
EUR/USD: "High Wave" stopped bulls
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Morning brief for May 30
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115.15
CHF/JPY broke powerful resistance level 115…
Deposit with your local payment systems
