As it can be inferred from the chart, the price has been rising non-stop. After a strong impulse, a correctional move is needed. Therefore, we will be waiting for the price to develop first, and then look forward to opening SELL positions and aiming for the previously broken zone of resistance, which perfectly aligns with the 0.382 Fibonacci retracement...
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NZDUSD trading in a downtrend line price below a key level around 0.7040 price also below SMA 100 MACD shows bearish momentum RSI below 50 so it's expected the bearish movement to support level around 0.6860
The New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to...
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USDCHF rebounded from the supply zone around 0.7280 RSI below 50 so it expects the bearish movement to HVN around 0.9180 then to demand zone around 0.9100
Pair broke the downtrend line Price is above the key level at 1.3690 Above SMA 100 MACD shows bullish momentum It's expected to target HVN at level 1.3830
GBP/CAD Signal Market Buy: 1.73130 Stop-Loss: 1.72530 Target 1: 1.73800 Target 2: 1.75490 Stop-Loss: 60 pips Risk: 0,5% Risk-Reward: 3.93
Analysis on #EURCAD I was looking for a while at this market but did not give me so much to look for. Now I see this massive bullish harmonic Gartley pattern, which might come as the market did break its support trendline and might keep moving down to test might zone and provide me a reason to get involved in a very good buying trade with tremendous upside...
AUDJPY broke the downtrend line Price is above the key level at 79.80 Above SMA 100 MACD shows bullish momentum It's expected to target HVN at level 81.05
EURAUD broke uptrend line price below a key level around 1.6160 price below SM 100 MACD shows the start of bearish momentum RSI below 50 so it's expected the bearish movement to support a level around 1.5980
AUD/CAD Signal Market Buy: 0.92680 Stop-Loss: 0.92250 Target 1: 0.93150 Target 2: 0.93730 Stop-Loss: 43 pips Risk: 0,5% Risk-Reward: 2.44
EURGBP is trading in uptrend Price is above the key level at 0.8560 Above SMA 100 MACD shows the start of bullish momentum Pair is forming ascending triangle pattern It's expected to target resistance level at 0.8660
NZDCHF broke uptrendline Pair is trading in downtrend Price is below key level at 0.6500 Price is below HVN at level 0.6528 which indicates that pair is in distribution phase Below SMA 100 RSI is below level 50 It's expected the continuation of bearish momentum to target 61.8% Fibonacci level at 0.6367
CADCHF trading in a downtrend price below SMA 100 and HVN around 0.7240 price also below a key level around 0.7220 RSI in downtrend line below 50 MACD shows decreasing bullish momentum so it's expected bearish movement to support level around 0.7100