AUDNZD retracing into key horizontal and fib support levels, with what looks like a dead cat @ 0.382 and Feb high. 50 and 100 EMAs on the daily could also act as support in between the 0.383 and 0.5. Previous horizontal supports matching with the 0.5 and 0.618 fibs. Obviously the 0.382 ,Feb high could still hold and waiting for the 0.5, 0.618 level could leave us...
Hey folks, Now we have very good sell opportunity on NZD/USD. And i think we will reach o.641 within a week. So take a look and consider it before making decision. Thanks. Happy trade as usual
-Waiting for point D completion and a clear sell signal before entering ** Due your own due diligence before entering the trade
A classic bull flag pattern coupled with upward sloping 50-DMA and 200-DMA. The cross looks more likely to witness a bullish break. The immediate resistance is seen around 144.00 levels.
The pair respected the falling trend line resistance yesterday and since then has been on a way route to 31-year lows. The selling is so intense that technical correction does not last more than 20-pips.... this despite being oversold on 4-hr and hourly time frame. Anyone out there who intends to go long on Sterling should ideally wait for a breach of the...
Bullish price RSI divergence seen on the hourly and 4-hour chart yesterday managed to push the GBP/USD pair well above 1.30. At the time of writing, the pair was trading around 1.3076. What’s next? Divergence on the intraday charts usually signal pull backs, while those on the daily/weekly chart signal reversal. We have not seen any divergence on the daily...