NZDUSD Three Inside Up 4-Hour Chart
Support: 0.8060 strong/0.8046 moderate/0.8022 minor
Market is generally bullish with NZDUSD just under a moderate resistance at 0.8084. With a high level bullish candlestick pattern, Three Inside Up in 4-Hour charts, look for a break of 0.8084 and consider buys with 0.8098 as the immediate objective possibly on to 0.8122. A stop loss should be established below the pattern low.
USDCHF Bearish Engulfing 4-Hour Chart
Resistance: 0.9739 moderate/0.9766 strong/0.9801 moderate
Support: 0.9704 minor/0.9677 minor
The Bearish Engulfing in 4-Hour charts is a confirmation of the overall bearish trend. With a moderate resistance at, 0.9739 consider shorts from the said price with a stop loss above it. Alternatively stops could be placed above the pattern high. Immediate objective is 0.9704, break of which opens us to a sell-off to 0.9677.
EURUSD Bullish Engulfing 4-Hour Chart
Resistance: 1.2333 moderate/1.2380 minor/1.2415 minor
Support: 1.2298 strong/1.2251 moderate/1.2216 minor
EURUSD is generally bullish though prices are just under a moderate resistance at 1.2333. With a mid level bullish candlestick pattern, Bullish Engulfing in 4-Hour charts, look for possible buys on a close above the said price. Immediate target is 1.2380 possibly 1.2415 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 1.2298.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices