GOLD: bullish 'Engulfing' pattern
It's likely that the price is going to reach the upper 'Window' (1331.05) in the coming days...
NZD/USD: bulls are running out of power
On the daily chart, NZD/USD made several attempts to bring the quotes outside of the descending channel but failed. In order to break the short-term descending trend, buyers need a successful test of 0.7070. On the other hand, the return of the quotes to 0.6975 and its following break will increase the risks of a 5-0 pattern.
On H1, NZD/USD successful test of support at 0.6975 will trigger the Shark pattern. Its 113% target is close to 0.687. To resume the medium-term bullish trend the buyers need to return the price inside the previous uptrend channel.
Recommendation: BUY 0,707 SL 0,7015 TP 0,7205, SELL 0,6975 SL 0,703 TP 0,687.
Ivan Karamazov
Similar
USD/CAD: price fixated above the Moving Averages
The market is likely going to reach the next resistance area at 1.3374 - 1.3385. If a pullback from these levels happens little later on...
GBP/USD: 'Harami' led to decline
There's a bearish 'Three Methods' pattern, which has been confirmed by the price fixating below the 'Window' and Moving Averages...
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
