NZD/USD: bulls are trying to go higher

NZD/USD: bulls are trying to go higher


SELL 0.701 SL 0.7065 TP1 0.6945 TP2 0.6905 TP3 0.685

BUY 0.706 SL 0.7005 TP1 0.7125 TP2 0.719 TP3 0.7285

On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel. They are trying to push the pair to 50% and higher of the CD wave of the “Bat” pattern. To continue the rally, the pair needs to break the June high.


On H1, “Three Indians” and 1-2-3 patterns increase odds of the correction to the current short-term uptrend. Firstly, bears need to break the support at 0.701.



NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

USD/CNH: a trade idea

Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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