Trading news

NZD/USD Potential bearish M shaping up

NZD/USD Potential bearish M shaping up



The NZD/USD aka "Kiwi" has been in a range mode but as we can see on the daily mini chart the pair has been rejecting from daily resistance. The pair could possibly make an M 1 2 3 reversal pattern if it rejects from POC 0.7250-70 (WPP, X cross™, EMA89). The target will be 0.7200. If 0.7200 breaks M will be confirmed targeting 0.7164 and 0.7115 if we see the breakout of 0.7164. So at this point we are focused on a possible rejection from POC.

Follow @TarantulaFX on twitter for latest market updates

Monday, 22 Aug, 2016 / 3:43

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Can The July NFP Return Some Optimism?

The consensus among analysts is that the US July Non-Farm Payrolls will show a [...]

Posted on Thursday, 05 Aug, 2021 / 11:29 under

Dollar shines after Clarida, BoE in the spotlight

  Dollar climbs as Clarida beats the rate hike drums, ISM hits [...]

Posted on Thursday, 05 Aug, 2021 / 9:01 under

GM SHARES HIT A BUMP AFTER Q2 EARNINGS

General Motors reported a surge in revenues for the second quarter. Strong [...]

Posted on Thursday, 05 Aug, 2021 / 7:27 under