On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?
NZD/USD: tipping out
2020-05-21 • Updated
Since the beginning of May, the NZD/USD has been moving within a larger channel within the support A-A' at 0.5924 and the resistance B-B' at 0.6150. Recently it appears to have completed the upswing A'-B' and is tipping out, bouncing down from the resistance of 0.6150. The question is whether it will make a local drop to test the support of the Moving Averages, all gathered below 0.6060, or it will go lower to visit the tactical and psychological support at 0.6000. If the latter takes place, very likely it will not stop until it comes down to complete the full cycle at 0.5924.
Support: 0.6060; 0.6000; 0.5924
The Turkish lira has been pressed by Turkey’s central bank (CBRT). Analysts believe USD/TRY will reach 10.00 by the year's end.
The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?
USD/TRY belongs to the exotic group of Forex currency pairs, that’s why traders don’t trade it regularly. However, these days this pair is in the focus of all the trading community!
Some cryptocurrencies, like Bitcoin or Ethereum, are useful and bring real value to the world.
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