NZD/USD: kiwi caught a crab

NZD/USD: kiwi caught a crab


BUY 0.689

SL 0.6835

TP 0.699

On the daily chart, NZD/USD broke below the diagonal support and went outside of the uptrend channel. As a result, the odds of reaching 127.2% and 161.8% targets of “Crab” pattern will increase. 


On H1, NZD/USD keeps forming the inverted pattern “Spike and reversal with acceleration”. As long as the pair hasn’t risen above 0.7050, bears will keep the situation under control. Formation of the “Head and shoulders” pattern will allow a short-term correction.



USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

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...


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