We have outlooked several promising Forex pairs and the result can surprise you!
EUR/NZD is forming a top
Information is not investment advice
Last week it looked like EUR/NZD may test the uptrend which still remains strong. Now we are much more certain that the pair will test lower levels. Have a look at the bearish candlestick with a long upper wick formed on D1 - it’s sending a clear negative signal. Add the fact that on H4 we clearly see a lower high and a potential “Head and Shoulders” pattern. Indeed, 1.7200 is a hard resistance, so a pullback to the 1.70 area and maybe lower is likely.
XAU/USD looks weak. Will it keep falling? Let's find out!
Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now trading on the Kijun sen level…
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.