USD/TRY has moved sharply down this week falling to the support line since the end of November.
NZD/USD: kiwi catches up with the Bat
SELL 0,6915 SL 0,697 TP 0,68.
On the NZD/USD daily chart, the quotes' exit from the consolidation range of 0.6980-0.7050 and from the triangle allowed the bears to restore the downtrend. Targets in the AB = CD and Bat patterns located in the area of 0.675-0.68 are still relevant. It makes us believe that the downward momentum is strong enough.
On the NZD/USD hourly chart, there is a stable downtrend. As long as quotes are below the resistance area of 0.6915-0.6925, the sellers remain their control over the pair. In this situation, you should consider opening short positions on the quotes' growth, or on the update of the previously hit lows.
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 remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...