NZD/USD Breaks Pattern
The New Zealand Dollar surged by 79 points or 1.18% against the US Dollar on Thursday. The currency pair breached the upper boundary of an ascending channel pattern on Friday morning. Given that a breakout has occurred, the exchange rate...
EUR/USD Revealed Descending Channel
The EUR/USD currency pair has revealed a medium-term descending channel. Yesterday, the pair reversed north from the lower channel line at 1.1740. It is likely that the exchange rate could re-test the upper channel line located circa 1.1890 in the...
USDCAD Conveys A Dominant Negative Bias
USDCAD has somewhat paused after the pullback from the near 8-month low of 1.2993. The rebound in the price appears to be resting on the mid-Bollinger band at 1.3131, shadowed by a governing bearish structure. The dictating downward sloping 50-...
EURGBP Could Provide The Bulls A Second Chance
EURGBP pulled back below the 0.9290 resistance for the second time this year but the bulls may have a second chance to retake control as the pair is exposed to a key supportive area. The 50% Fibonacci retracement of the...
EUR/USD Dropped Below 1.1800
On Wednesday, the EUR/USD currency pair dropped to the support level formed by the weekly and monthly S1s near 1.1760. During today’s morning, the pair reversed north. It is likely that the exchange rate could face the resistance formed by...
Oil Bulls Aiming For W H5 Camarilla Pivot
Oil made a retracement and the price bounced again. There are two POC zones where we might expect a bullish bounce. 38.28-38.69 is the first POC zone. There is a confluence of 61.8, W H3 and bullish order block. If...
EURCHF Retracts as Negative Sentiment Sustains Sideways Pattern
EURCHF has recently receded below the 50-day simple moving average (SMA), determined to test the base of a near two-month persisting range. Negative sentiment appears to be prevailing in the short-term oscillators as well, despite the bullish bearing of the...
USDCAD Hits A Ceiling Around 1.3260
USDCAD has been trending upwards over the last two weeks following the bounce off a fresh eight-month low of 1.2993. However, a strong resistance around the 1.3207 barrier has been a barrier to additional gains over the past week, shifting...
Netflix Bearish ABC Pullback Offers Discount In Uptrend
Some stocks are offering potential discounts within a large uptrend. For instance, Netflix (NFLX) is showing a bearish pullback after the price dropped about $85 (-15%) in recent trading. Could this be a support zone for price action and restart...
EUR/USD Touched 1.1900
On Monday, the EUR/USD currency pair raised to 1.1880. During today’s morning, the pair touched the 1.1900 level. It is likely that the exchange rate could trade upwards in the short run, as it could gain support from the 55-,...
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