Dollar firms, stocks slip amid US stimulus doubts
Talks on US stimulus package continue but deal in doubt after [...]
Trading news
NZD/USD Weekly pinbar suggesting bearish pressure
The Kiwi - NZD/USD is riding higher time frame momentum. Piggyback weekly sell is reflecting on lower time frames where we could start searching for short trade opportunities. I see 2 possible scenarios. If the price proceeds below the 0.7220 and if we see 4h close below it, we could see 0.7195 and 0.7150. A pullback to POC (H3, DPP, EMA89, 38.2, inner trend line) 0.7260-75 could spike down the price towards 0.7220 and below. Judging from both weekly and daily trend and momentum, targets could be even lower then L5 is suggesting if the NZD/USD keeps dropping and we will assess it once (and if) the target L5 is reached.
Monday, 26 Sep, 2016 / 12:58
Source : http://www.admiralmarkets.com/analytics/technical-analysis/
Trading news
Up to the US Elections Results
The US economy has recovered modestly in the third quarter thanks to [...]
OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020
WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]
