As we can see here on NZD/USD Chart there a lot of possibilities based by support and resistance (weekly strong) so either long (bounce) or short (a breakout), either way just waits for confirmation candle so we can minimize risk safe and happy trading DailyFx= Trend : Up Volitility : 15% News= NZD Bearish USD Netral
Hey traders, looking at the strong vs weak analysis for the week, looks like EUR is gaining momentum against GBP. As you can see here, a nice trend line has form, looking to bounce back up. I will place my stop loss at 0.861, and my take profit at 0.877, which is where you can see price touched last week without any issue.
Gold is moving in yellow channel and with down trend. It is about to bounce down from the yellow line. - If it bounces down, the movement can continue to the bottom of the yellow trend and it may break it down to 1992 level. -If it does not, it has space to move until 1207 and then may bounce down from there.