Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
NZD/USD: bulls are dreaming about revenge
BUY 0.695 SL 0.6895 TP 0.705
SELL 0.682 SL 0.6875 TP1 0.6625 TP2 0.637
On the daily chart, bulls failed to hold above an important support at 0.6820. NZD/USD consolidated between 0.6820 and 0.6950. If it leaves this range, the risks of reaching 127.2% and 161.8% targets of “Crab” pattern or return to the inside of the uptrend channel will increase.
On H1, there’s increased activity of buyers near 0.6880 and 0.6840. If the pair renews November high, this will create reasons for the continuation of NZD advance.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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