NZD/USD: the kiwi is getting stronger

NZD/USD: the kiwi is getting stronger

Recommendation:

On the daily chart of NZD/USD, bears managed to pull the pair down due to the "Three Indians" pattern's implementation. They plan to update the December's minimum and reach the 88.6% target of the "Shark" pattern. 

nzdusd_d.png

On H1, the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination helped bears to reverse the previous downtrend. If the pair returns to the resistance at 0.6845, the "Fakeout-Shakeout" pattern will be implemented. This situation will create the background for the bullish tendency. 

nzdusd_60.png

Similar

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera