GBP/USD failed at resistance
The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.
NZD/USD: risks of decline
Recommendation:
SELL 0.7405
SL 0.7460
TP1 0.7305, TP2 0.7225
On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. As a result, the risks of correction towards 23,6%, 38,2% and 50% of the wave CD increased. The “Shark” pattern may transform into 5-0 pattern. For a start, bears should bring the pair below support at 0.7410.
On H1, the break below the lower border of the downtrend and consolidation within the “Spike and ledge” pattern on the basis of 1-2-3 will increase the risks of a pullback with the following triggering of the “Shark” pattern (88.6% and 113%).
Ivan Karamazov
Similar
Levels to trade EUR/USD
EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
XAU/USD can make a small correction
After its extensive decline last week, the USD can make a small comeback.
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Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
USD/BRL is breaking down
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.
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