Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
NZD/CAD awaits for bullish momentum
NZD/CAD is doing a consolidation between the demand zone of 50% and 65% in 0.8805 and 0.8770, at which we could expect a bulls’ gathering in order to resume the rebound. If that happens, the pair could target the -23.6% Fibonacci level of 0.8979 at -23.6%. To the downside, with breakout below 0.8770 doors could be opened to test October 25th lows.
RSI indicator remains in the neutral territory, calling for sideways.
The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…
It has not been a good weekend in the crypto space and a reflection of this can be found in Bitcoin, which has managed to consolidate its price action below the level of 8000…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.