NZD/USD: bears are hunting a crab

NZD/USD: bears are hunting a crab


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.


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




AUD/USD: bears are playing games

On the daily chart, AUD/USD is forming 5-0 and AB=CD patterns. After reaching an interim target at 127.2% of the latter, there was a natural pullback. Bears keep hoping to reach 161.8% target.

NZD/USD: bulls counterattack

On the daily chart of NZD/USD, a pin bar let bulls to counterattack. They are trying to form a double bottom and return the situation under control.


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.

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