EUR/USD reversed from support zone Next buy target - 1…
NZD/JPY: a buy signal already ongoing?
NZD/JPY is challenging a demand zone between the 80.96 and 80.43 levels and looks forward to reach new highs in the short-term. However, we shouldn’t forget that the pair has already made a bearish crossover of moving averages, but once it manages to break above the 23.6% Fibo level, we can expect a continuation towards the -23.6% Fibo zone at 83.56.
RSI indicator remains in the positive territory.
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.