EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair.
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. Support is at 0.6080 and 0.6065. The slide below the latter will open the way down to 0.6040. On the contrary, the advance above 0.6115 would mean the bullish flag and open the way up for another retest of 0.6155.
Trade ideas for NZD/USD
SELL 0.6080; TP1 0.6065; TP2 0.6040; SL 0.6090
BUY 0.6120; TP 0.6150; SL 0.6105
USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area.
On the D1 chart of GBP/USD the price action conforms to the bearish “Crab” pattern.
Risk-on pushed stocks and riskier currencies upward.
It’s simply the question of time before gold price gets to the higher levels…
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