Analysis

NZD with many bullish setups [Video]

In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!

Another bad day for the American Dollar. Dollar Index, ends the short correction and comes back to the downfall.

EURUSD is having almost the same situation as the Dollar Index but in reverse. Here, the price ends the shallow bearish correction and comes back to the up trend.

AUSUSD is still below major resistance but close enough to be worried about a possible breakout.

NZDUSD is showing more strength giving us a buy signal, which brings us to the New Zealand Dollar and its power gained after recent labor data from New Zealand.

EURNZD escapes from the symmetric triangle to the downside.

AUDNZD also with a drop.

NZDCHF on the other hand, aims higher after the bounce from the lower line of the flag.

NZDJPY with an even better setup. Here, the price is bouncing from the horizontal support with an inverse head and shoulders pattern. Very bullish price action.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.