EUR/USD: price to test the 34 Moving Average
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
GBP/NZD in a rebound zone
GBP/NZD has been showing a strong weakness since last week and currently it’s challenging a demand zone between the 1.8887 and 1.8724 levels. There is also a bearish crossover of the moving averages underway and it could be adding fuel to the possibility of another leg lower towards the 78.6% Fibo zone at 1.8576. However, if it makes a rebound at the current stage, then it can go higher towards the -23.6% at 1.9685.
RSI indicator is in the neutral territory, calling for a sideways consolidation.
Felipe Erazo
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GBP/USD: pound entered into channel Tenkan-Kijun
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AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
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