NZD is ready to go higher [Video]

Tomasz Wisniewski Axiory Global Ltd.

Today, we have few setups on more exotic instruments than usual.

There's an excellent long-term setup on the CHFJPY, where we are finishing a bearish correction. The price is bouncing from the combination of horizontal and dynamic support and everything seems ready for another bullish wave.

The AUDNZD is in a short-term sideways movement but with a long-term negative outlook.

The NZDCHF is in a perfect flag formation. For the buy signal, we need to see the breakout of the upper line of this pattern.

The NZDJPY is in a similar situation but here we additionally have a bounce from the horizontal support. The sentiment is positive.

Silver uses every chance to go lower. Currently, we are testing the long-term support of asymmetric triangles. The outlook is rather negative.

The Dollar Index broke the neckline of the giant inverted Head and Shoulders pattern and yesterday it defended it as a support with a hammer candle. That is definitely a positive and optimistic sign for buyers.

Author

Tomasz Wisniewski

Axiory Global Ltd.

Tomasz was born in Warsaw, Poland on 25th October, 1985.

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