EUR/NZD may test the uptrend
Have a look at the pair EUR/NZD as it might present some interesting trade ideas.
Gold is about to choose direction
Trade ideas
SELL at 1233; TP1 1229; TP2 1224; SL 1235
BUY at 1245; TP 1250; SL 1243
The price reached the target of the buy trade we recommended on Monday, and now it’s time to reevaluate the situation.
Gold seems once again intimidated by the resistance of 200-week MA (1233.70) and 38.2% Fibo (1238.50). A break above October high at 1243.35 is needed to bring the precious metal to the declining 200-day MA at 1251. On the other hand, a decline below yesterday’s low at 1233 will open the way down.
Elizabeth Belugina
Similar
EUR/CHF: the final target
Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.
USD/CHF may decline
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
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