NZD/USD: bears are hunting a crab

NZD/USD: bears are hunting a crab

Recommendation:

BUY 0.6935 SL 6880 TP1 0.7035 TP2 0.7070

SELL 0.6855 SL 0.6910 TP1 0.6755 TP2 0.6655 TP3 0.6600

On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD. If the pair rises to May high, the focus will shift to the interim target of 127.2% of the “Crab” pattern.

NZD1.png 

On H1, if NZD/USD gets out of the descending channel and trigger the “Crab” pattern, it may get to its 161.8%.

NZD2.png

nzd

Similar

USD/CAD: loonie is taking off

USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera