NZD/JPY: watch the resistance
NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
USD/CHF doesn’t want to part with wedge
Recommendations:
SELL 0.9605
SL 0.966
TP1 0.9505 TP2 09475
BUY 0.975
SL 0.9695
TP 0.989
On the daily chart, USD/CHF keeps consolidation near an important level of 0.9650 (23.6% of the last long-term descending wave). If bears manage to lead the pair down below the diagonal support (lower border of the uptrend channel), the odds of reaching 88.6% target of Gartley pattern will increase.
On H1, USD/CHF is consolidating within a “Widening wedge”. A break of support levels at 0.9605 and 0.9585 won’t lead the pair south. On the other hand, successful test of resistance at 0.9750 and 0.9765 will open the way for further advance.
Ivan Karamazov
Similar
EUR/JPY: the trend is bearish
EUR/JPY broke the support line connecting June lows and thus resumed the downtrend which has been in place since the start of 2018.
EUR/AUD reversed down
EUR/AUD is currently testing the support line from the start of 2017.
Latest news
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone
GBP/JPY reversed from resistance zone Next sell target - 149…
EUR/USD: no any reversal pattern so far
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Deposit with your local payment systems
