When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/NZD: short-term idea
Information is not investment advice
EUR/NZD is consolidating within a symmetric triangle around 1.7400. The initial attempt of the pair to break above the resistance line connecting September and October highs wasn’t successful and a candlestick with a long upper wick appeared on the H4. Only the advance above 1.7510 can open the way up to 1.7550 (early October highs). On H1, there was an inside bar pattern followed by a bearish candlestick, so we suspect that the pair will turn down to visit at least the middle of the triangle. We picked support at 1.7460 as a trigger for sell orders with a target around 1.7435 (100-MA on the H4).
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
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