Find out how to trade the antipodean currencies on the market sentiment today!
Tag - usd
The pair broke above the resistance line going through October highs but then was stopped by the 50% Fibonacci at 14.6380.
The pair recoiled down from the 50-day MA at 0.6750 and closed below 50% Fibonacci at 0.6715.
On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation.
The New Zealand dollar has been suffering during the previous week, trading at November's levels. What did result in such a bad performance of the currency?
Find out how to trade EUR/USD and USD/JPY ahead of the CB consumer confidence release!
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).
Everyone wants to know what to expect in the New Year…
Trade signals on December 26
On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.
On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination.
On the daily chart of GBP/USD, bulls try to push the pair back within the triangle's borders and implement the "Wolfe Waves" pattern.