Welcome to the night trip 🙂
EUR/USD once again declines stop at the support and once again we have a long shadow at the bottom of the candle. This may mean a desire to correction, but it seems that you will need to some impulse from macroeconomic data. Today’s decline is largely thanks to the weaker readings ZEW index. In tomorrow’s calendar is worth paying attention to inflation data from Germany and France. Worse data will probably mean a deepening kilkodniowych lows, and better adjustment only climb as in the longer term, this pair should still fall.
An interesting situation on the NZD/USD. Today’s declines almost tested the limit of 0.84, missing only a few pips, but the test support area proved to be successful. It is also a test of the previous and last hole in an upward trend, as well as the annual test of the trend line. Moreover, this method overbalance shows that we have 100% coverage is often repeated, large correction. I have already opened a long position, I hope that in the end increases return.
AUD/CAD – declines due to better, yesterday’s data from Canada slowed down the local support. Once again, the price have a problem to go lower, even in the face of weakness AUD and pulse strengthening CAD. In tomorrow’s calendar worth waiting for industrial production in China (7:30 our time). Better reading should significantly strengthen the Australian dollar, the weaker we will find out how strong is this support and what sentiment prevails on this pair.
At the end of a couple, with which I am most strongly involved, EUR/NZD. Fundamentally count on a further decline in the Euro, even though instantaneous correction and then move in an upward trend of NZD. This morning surprised me a lot of growth on the chart, and despite that I acted quite hazardous and non-standard like myself is I added one more order, using the occasion of a sizeable, the morning of growth. From the perspective of the evening I recognize that the decision was correct, since the exchange rate fell heavily, and we have a beautiful pin bar in the zone of resistance, with the test round level of 1.59, with the test of the trend line and more than 100% coverage infrequent correction. Is the whole play turns out to be correct, you should have to wait, although the technical situation strongly favors the supply side.
