EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
NZD/CHF is in a downtrend
Information is not investment advice
NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70. Bears will dominate as long as the pair’s trading below 0.6510 (January low).
The Reserve Bank of New Zealand will meet on Wednesday, June 26. This event will increase the volatility for the pair.
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
It’s simply the question of time before gold price gets to the higher levels…