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Find out how to trade the antipodean currencies on the market sentiment today!
Find out how to trade the antipodean currencies on the market sentiment today!
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.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!