EUR/NZD is ready to fall
The pair’s continuing the overall downtrend since October as it breached down the wedge earlier this month.
NZD/USD: will kiwi catch the wave
Recommendation:
BUY 0.709
SL 0.7035
TP 0.7235
On the daily chart, bears managed to lead the pair to the lower border of the long-term uptrend. A successful test of diagonal support will increase the possibility of a break in an uptrend and formation of the “Crab” pattern.
On H1, the return of the pair to the top of the previous short-term consolidation will create grounds for the reversal “Wolfe waves” pattern.
Ivan Karamazov
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USD/SGD: a chance to recover
USD/SGD has rebounded from the 50-week MA (1.3520) and is now retracing November-January decline.
AUD/USD may fall
If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.
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AUD/CAD falling inside impulse waves 3 and (C)
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