NZD USD Overview

Interesting news to consider before you trade Market participants mostly ignored the weak Friday data; the conclusion can be made based on the continued growth of currencies at the beginning of this week. The muted reaction to Friday's releases points to investor optimism about the economy and tradi...

Inflation in the USA Market Watch review. 17/05/2021 In today's release, we’ll cover the following topics: US inflation returns above 4%. US Federal Reserve key interest rate. Weakening of commodity currencies. The Canadian dollar has updated its highs since 2015. Oil market prospects. Since Februa...

Weakening of the USD Market Watch review. 21.04.2021 In today's release, we’ll cover the following topics: Unemployment in Britain. Weakening of the USD. Rising oil prices. Let's start with the publication of an unexpectedly good report on the labor market in Britain. In March the number of applica...

Weak EUR and sanctions against China Market Watch review. 24.03.2021 In today's release, we’ll cover the following topics: Geopolitical conflict with China.  Slowdown in economic growth in Europe.  Weak pound sterling.  Business activity index block for European countries.  Let's start today's relea...

After a major buy signal, the NZDUSD pair went higher, creating two correction patterns in the meantime; a rectangle and a pennant. Both of them were very shallow, which is indicative of great bullish potential. 0.7435 is the ultimate target here. GBPUSD is climbing up like a set of stairs. The pri....

First up is the USDCAD pair, which yesterday tested the neckline of the large head and shoulders pattern. The test was positive for sellers and the price bounced from the resistance. This confirms the mid-term sell signal on this instrument. The next occasion is on the cable, which came back above ....

Today, as always, we have three good trading occasions. Two of them involve CAD and have nice head and shoulders patterns, which are already up and running. EURCAD is the first one. Here, the price broke the upwards trend line (red), neckline (blue), and the horizontal support (orange). After that,....

Mario Draghi didn’t say anything new. His comments were similar to ones he made recently. The consensus about his statement is that the ECB president wasn’t dovish enough. This pushed EUR higher. On the EURGBP pair, this created an opportunity for a false breakout pattern. Two days ago, the price a....

Mnuchin sank the US dollar with his comment that a weaker currency is good for trade. This helped the USDCAD pair break the mid-term horizontal support, which was a part of the sideways trend locked inside of the rectangle. That opens the way for the new yearly lows. Soon, we should test the lowest....

Bitcoin tumbles as never before. Is that a burst of the bubble or just a normal correction? Since its top at around 19,000, BTC broke few horizontal supports and recent mid-term upwards trend line. This can be a game changer here, but remember that in history, every dip was bought and ended with cr....

First up is the NZDUSD, which is going higher, driven mostly by the false breakout pattern that occurred at the end of last week. Buyers are also supported by the inverse head and shoulders pattern. Buy signal is on as the neckline is already broken. Next up is the EURGBP, which is also having a fa....

The hawkish RBA has given AUD a boost, creating a nice trading opportunity on the AUDUSD pair. First of all, we have a bounce from the upwards trend line. Next are the correction equality pattern and the iH&S formation. What’s more, the price came back above the 38.2% Fibonacci and used that as....

The USD had been following the technical forecasts on several instruments before the dovish FOMC minutes induced a reversal. This is what happened with the EURUSD pair, for example, which is now aiming for 1.186, which looks to be a very strong resistance. AUDUSD used the correction equality patter....

Sell below 0.6890. Stop loss at 0.6916. Take profit at 0.6824. Reason for the trading strategy (technically): Price has dropped strongly from yesterday. Today we look to sell on strength below strong resistance at 0.6890 (Fibonacci retracement, horizontal overlap resistance) for a further push down ...

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827. Reason for the trading strategy (technically): Price continues to test major resistance. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for ...

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827. Reason for the trading strategy (technically): Price has reversed perfectly as expected. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for ...

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827. Reason for the trading strategy (technically): Price has continued to rise perfectly to our profit target. We now prepare to sell below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we ex...

Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing lo...

Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price continues to test major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci...

Buy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245.   Reason for the trading strategy (technically): Price has been testing our major support atc0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 r...

Sell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095.   Reason for the trading strategy (technically): Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7...

Sell below 0.7146. Stop loss at 0.7216. Take profit at 0.7056. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7146 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level to push pric...

Sell below 0.7834. Stop loss at 0.7872. Take profit at 0.7768. Reason for the trading strategy (technically): Price is testing major resistance at 0.7834 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off this level to push price down to at least 0.7768...

Sell below 87.93. Stop loss at 88.43. Take profit at 86.66. Reason for the trading strategy (technically): We caught the rise on AUDJPY quite nicely yesterday. Today we’re starting to see it on major resistance (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop...

Sell below 0.7145. Stop loss at 0.7175. Take profit at 0.7087. Reason for the trading strategy (technically): Price has dropped absolutely perfectly as expected. We remain bearish looking to sell on strength below 0.7145 resistance (Fibonacci retracement, horizontal pullback resistance, descending r...

Sell below 0.7174. Stop loss at 0.7210. Take profit at 0.7087. Reason for the trading strategy (technically): Price is experiencing major resistance and we take this opportunity to start selling. We look to sell below 0.7174 resistance (Fibonacci retracement, descending resistance, horizontal overla...

Buy above 0.7128. Stop loss at 0.7091. Take profit at 0.7174. Reason for the trading strategy (technically): Price is approaching major support at 0.7128 (Fibonacci extension, horizontal swing low support) and we expect a bounce above this level for an intermediate correction to 0.7174 resistance (F...

Buy above 0.7174. Stop loss at 0.7150. Take profit at 0.7224. Reason for the trading strategy (technically): Price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244...

Sell below 0.7244. Stop loss at 0.7300. Take profit at 0.7178. Reason for the trading strategy (technically): Price touched our selling area before reversing strongly. We remain bearish looking to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci ...

Sell below 0.7244. Stop loss at 0.7300. Take profit at 0.7178. Reason for the trading strategy (technically): Price is once again rising and reaching our selling area. We prepare to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for ...