USD/JPY: on the way to September lows
USD/JPY is plunging. It may go even lower than where came down to in September. Read the article to set your levels.
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.
Gaspar Markosyan
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USD/JPY: on the way to September lows
USD/JPY is plunging. It may go even lower than where came down to in September. Read the article to set your levels.
EUR/USD Trades at One-Month high as Dollar Keeps Weaker
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S.
EUR/USD higher but stalling ahead of the October highs
Wall Street's main indexes opened higher on Tuesday as investors were hopeful of more stimulus from Washington
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