NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
USD/CHF: franc came to Indians in peace
Recommendations:
BUY 0.951 SL 0.9455 TP1 0.961 TP2 0.9715 TP3 0.986
SELL 0.9435 SL 0.949 TP1 0.936 TP2 0.9335 TP3 0.927
On the daily chart of USD/CHF, the pair needs to break the March high to continue rising. On the contrary, an implementation of the “three Indians” pattern will increase risks of a long-term bearish trend.
On H1, there is a short-term consolidation in the range of 0.9435-0.951. If bulls manage to break its upper boundary, the rally will continue. Vice versa, the break of the support at 0.9435 will increase risks of decline to the 88.6% target of the “Shark” pattern.
Ivan Karamazov
Similar
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
Latest news
Moderna: is it still the leader in COVID-19 fight?
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
GBP: long-term risks
There are many things happening in the UK. What is the strategic outlook for the GBP?
AUD: bearish prospect
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
Deposit with your local payment systems
