The beginning of the month was quite eventful for the Turkish lira. However, this week it started to lose its volatility. What is happening?
NZD/USD: kiwi has a vertigo
On the daily NZD/USD chart, buyers managed to return the pair to the long-term uptrend channel. This creates grounds for the bullish trend’s resumption. In addition, reaching of 88.6% target increases the risks of the transformation of the “Shark” pattern into 5-0.
On H1, bulls took the initiative after NZD/USD formed a “Triangle”. A decline below the previous consolidation range of 0.7075-0.7125 will create grounds for a deep correction.
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...