Price has broken the resistance level reaching a new historic high.
The New Zealand Dollar against the US Dollar has favored the long term traders, as it has fallen in the last few trading sessions like a rock. Various medium term patterns have been broken, and, actually, their drawing proved to benefit only to show the short term stops of the pair. On Wednesday the currency pair was about to fall down to the support of the...
The choice to review the EUR/NZD pair was made due to the rather high demand for it during the recent 24 hours on the Swiss Foreign Exchange and the fact that it does not involve the US Dollar. From a technical perspective the rate is set to decline during the next 24 hours, as it faces strong resistance from 1.6365 to 1.6481 levels, and there is no support as...
The situation on the hourly NZD/USD chart is very similar to the situation on other commodity charts. The pair has found support in a combination of the 55-hour SMA and the lower trend line of the junior ascending channel pattern. The rate is most likely going to surge up to the 0.7350 mark, where the weekly R1 is located at. In addition, near that level the...
As the title say, It started to drop and turned just above my buy zone, I tough it was a bounce and we would fall again to trend but just kept going. I tried to figure out were it went wrong. Think i found it :) I was expecting MCO to drop and stay down and slowly rise before AUG 31 when the app & card is to be released but instead it went up. So i started to...
The 1300 level might prove difficult to regain for any decent length of time, and the steep rising channel gold has been in these past few weeks of domestic political chaos and tensions with DPRK seems vulnerable to any hiatus. Add to that the triple top which looks like holding and the confluence of fiblevels with support targets below and the short side does...
Price is in a zone that could become a new possible resistance.
OANDA:USDJPY Price has confirmed a new support level.
This is a simple setup that may interest you. Check it out. Find a suitable entry. Manage your risk well. Have patience. And wait for the results on the other side of the trend. Peace.
The NZD/USD currency exchange rate continues to move as expected, in general. The issue it that the speculated lower trend line of the medium term descending pattern was passed on Thursday morning. The proposed support actually acted as a resistance to the currency exchange rate. However, after a period of fluctuations the currency pair returned to test the...
The New Zealand Dollar suffered losses against the US Dollar during the first half of Tuesday’s trading session. The currency pair even broke out of the ascending channel pattern to the downside. As a result of the break out, the pair fell down until it found support in the 200-hour SMA, which was located at the 0.7460 mark. It is highly possible that until the...
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The price of the stock reacts to the appointment of John Flannery as new CEO. www.reuters.com