NZD/USD: the kiwi is sticking in a channel

NZD/USD: the kiwi is sticking in a channel

Recommendations:

SELL 0.6855

SL 0.691

TP1 0.6755 TP2 0.6655 TP3 0.659

On the daily chart of NZD/USD, there is a 0.6855-0.6975 consolidation within the long-term downtrend. A break of its upper boundary will increase odds of a correction to 38.2% and 50% from the CD wave. A successful break of the support at 0.6855 will let bears move to the 127.2% target of the “Crab” pattern.

nzdusd_d.png

On H1, if the pair goes beyond the upward channel, the pattern “Perfect butterfly” with the 127.2% target will be implemented.

nzdusd_60.png

Similar

USD/JPY: bears prepared a trap

On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.

EUR/JPY: inside bar will show the way

On the daily chart, EUR/JPY bulls are counting on the break of the upper border of the descending trend channel and advance to 88.6% target of the “Shark” pattern.

Popular

USD/JPY: dollar is overbought

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

jpy

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

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