Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
NZD/USD: triangle forming
Information is not investment advice
On the H1 chart of NZD/USD, you will see the resistance of 0.6670 that has never been breached since October 9. It will, eventually, and the question is when.
The higher lows from the last two days suggest that the bullish pressure is increasing from the downside and may finally erupt in the coming days. Take October 12 as the beginning of the triangle’s side and drag it forward until it converges with the upper side at 0.6670 like in the chart. The convergence point appears to be on October 15 – meaning, on Thursday. That suggests that before breaking the resistance, the pair will make another wave down to make another higher low above the 50-MA, and after that will aim to break the roof at 0.6670.
Similar
EURGBP rose on dovish BoE
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
The highlight for markets today will be the FOMC meeting
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Popular
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Choose your payment system
