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


Euro slips after ECB; stocks stage another comeback

  Euro/dollar breaks lower as ECB is a touch more dovish than [...]

Posted on Friday, 24 Jan, 2020 / 10:18 under

Coronavirus Stays in Spotlight; EUR Slides on ECB, EZ and UK PMIs in Focus

Most major EU indices traded in the red for another day, and while the US ones [...]

Posted on Friday, 24 Jan, 2020 / 8:47 under

Golden Cross Pattern on NZD/USD Daily Chart

A bullish golden cross pattern (50-period moving average crossing above the [...]

Posted on Thursday, 23 Jan, 2020 / 11:17 under