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.
XAU/USD: gold is resuming the uptrend
Recommendations:
BUY 1365 SL 1350 TP1 1395 TP2 1410 TP3 1425
BUY 1340 SL 1325 TP1 1380 TP2 1395 TP3 1410
On the daily chart of XAU/USD, the inability of bears to pull the pair below the support at 1302-1308 points at their weakness. Bulls managed to lead gold outside of the consolidation range of 1308-1340. This increases the odds of an advance towards 113% and 127.2% targets of the “Shark” and AB=CD.
On H1, XAU/USD formed a “Crab”. Advance above resistances at 1361 and 1365 will open the way up to 161.8%.
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
