EUR/NZD has stumbled
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
CHF/JPY has some potential
Information is not investment advice
CHF/JPY formed a “bullish engulfing” pattern on the W1. On the smaller timeframes (D1 and H4), the price action very much resembles an inverted “Head and Shoulders” pattern. To aim for the bullish targets, the pair needs to overcome the resistance in the 108.85/109.00 area (moving averages on D1).
Notice that there’s some bearish divergence on H4, so a move lower seems likely before we see any attempt for higher levels. The return below 108.35 will open the way down to the 108.00 area.
Elizabeth Belugina
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EUR/NZD has stumbled
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
AUD/CAD can get higher
AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.
GBP/JPY: trading on Brexit
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
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