AUD/NZD: is it time for a correction?
AUD/NZD experienced an impressive rally since the end of March.
EUR/USD: will the euro fall?
Recommendation:
BUY 1.1845 SL 1.179
TP1 1.1945 TP2 1.2
SELL 1.1735
SL 1.179
TP 1.1625 TP2 1.155
On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of the uptrend’s resumption. On the other hand, successful test of support at 1.1655 will open the way for a correction towards the lower border of the uptrend channel.
On H1 EUR/USD keeps consolidating within the “Widening wedge”. Return of the pair towards 38.2% and 23.6% of the wave 4-5 creates a condition for correction.
Ivan Karamazov
Similar
Stock market: insights for Citigroup
Citigroup stock jumped this week after the bank released its financial results for Q1.
EUR/USD is not in the best conition
The market has shown that EUR/USD remains a sell on its attempts to recover.
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
