2019-11-11 • Updated
On the NZD/USD daily chart, there is a realization of 5-0 pattern. The failure of bulls to push quotes beyond the downward trading channel shows their weakness. There can be a continuation of the downward movement towards 0.674. There is 161.8% target in the AB = CD pattern.
On the NZD/USD hourly chart, the "Shark" pattern is still relevant. Its target 113% is located near 0.687. The nearest resistance levels are 0.6942 and 0.6965. The market is dominated by bears, so you might consider selling on the growth of the quotes.
Recommendations: hold short positions (SELL 0,6975 SL 0,703 TP 0,687),
SELL 0,6965 SL 0,702 TP1 0,687 TP2 0,674.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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