EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
Crude oil is trying for upside
Information is not investment advice
Oil prices rose on Thursday, June 20, as the US President Donald Trump criticized Iran’s attack on a US surveillance drone, saying that Tehran made a “very big mistake.” In addition, there was a larger-than-expected decline in US crude inventories.
WTI oil retraced 50% Fibonacci of the May-June decline and got to 57.25. If the price overcomes this level, it will be able to get to 61.8% Fibo and 100-day MA at 58.60. This level will represent a more serious obstacle for buyers. Notice that on H4 there’s the 200-period MA at 57.55 - it would be sensible to buy WTI on the break above it. The decline below 56.60 will open the way down to 55.62.
Notice that to trade WTI, you need to choose WTI-19N in your MetaTrader.
Elizabeth Belugina
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EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD will be volatile
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
XAU/USD awaits trade info
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.
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