USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
EUR/NZD remains under pressure
Information is not investment advice
EUR/NZD has reached the bearish targets we set last week. The outlook for the single currency still seems quite negative: the price is currently at the lowest levels since September. An “inside bar” was formed on the D1. If the pair slides below 1.7122 (Nov. 25 low), it will become vulnerable for a decline to 1.7045 (200-day MA). Notice that support in the 1.7025/1.6990 seems quite strong as on the W1 there are 100- and 50-week MAs in this area. If the attempt to test lower levels fails in the short term and EUR/NZD returns above 1.7145, the correction may take it up to 1.7210/50 (100-day MA).
Elizabeth Belugina
Similar
USD/CAD looks vulnerable
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
GBP/USD may go for resistance
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
Popular
Tesla: two reasons why it dropped
Tesla dropped amid the wider stock sell-off and by that erased all its gains for this year. Is it a good time to buy it or not yet?
USD/JPY : trading at 8 month high
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
Japanese Yen skyrockets as risk off gains momentum
Ichimoku Kinko Hyo NZD/JPY: The pair is trading below the cloud…
Choose your payment system
