Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD: bulls are trying to go higher
Recommendations:
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.
Ivan Karamazov
Similar
NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Latest news
Oil rally takes breath
Oil prices have been climbing up for a long time. What have stopped them?
EUR/USD: who gets what
There has been some movement in the EUR/USD chart. What's happening?
STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
Deposit with your local payment systems
