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.
How to trade NZD/USD on US-Iran news
Information is not investment advice
Market sentiment has worsened on the news about the conflict between the United States and Iran. There are many ways to trade the risk-off sentiment. One of them is to sell NZD/USD.
Technically this idea looks quite reasonable. Last week the pair spiked above the 100-week MA but failed to close above it forming a big spike upwards. This is a sign that sellers don’t want to let the price get higher. On the smaller timeframes, there’s support around 0.6630 and then not much until 0.6580. This provides the scope for selling.
There will be sense to consider bullish positions only if NZD/USD returns above 0.6670. The next resistance will be at 0.6720 (100-week 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
Dollar gains on higher yields
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
GBP/USD: Sellers target 1.3800 even as UK unlock begins
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
AUD/JPY: Risk keeps more cautious before NFP
Ichimoku Kinko Hyo AUD/JPY: The pair is trading below the cloud…
Choose your payment system
