NZD/USD turned down
Last week NZD/USD made a significant thrust to the downside.
GBP/USD: pound drew the inner bar
On the GBP/USD daily chart, there is a consolidation after a sudden rebound. After a bar with a wide range, two inner bars were formed. These are the boundaries of the trading range of 1.277-1.286. A breakout of the support will increase the risks of the correction towards 1.272 and 1.259. A successful test of the resistance will lead to the continuation of the rally.
On the GBP/USD hourly chart, the "Splash and ledge" pattern and triangle were formed. A breakout of the borders of the triangle and exit of quotes from the consolidation range of 1.277-1.285 will allow us to determine a further movement of the pair.
Recommendations:
SELL 1,277 SL 1,2825 TP 1,26,
BUY 1,285 SL 1,2795 TP 1,305.
Anastasia Mileshkina
Similar
AUD/NZD: is it time for a correction?
AUD/NZD experienced an impressive rally since the end of March.
Stock market: insights for Citigroup
Citigroup stock jumped this week after the bank released its financial results for Q1.
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
