The current stage of the price for this currency pair is above the level of 1.0800. An important
characteristic: before that, there were at least 3 attempts to consolidate above the designated level,
but each time this led to a rollback down. The current stage does not yet allow trading upward, since
all indicators are in positions. You can really talk about an increase only when the price rises above
the 1.0850 level.
D
NZD/US
The past week led to a very strong fall of the New Zealand dollar against the US dollar. Downward
movements turned out to be very strong and volatile. This movement led to the breakdown of the
trend line and the level of moving averages. Of course, the indicators were at their minimum
values for themselves, while the oscillators were in the oversold area. The downward movement
later led to an upward correction that stalled at 0.6585. It is very likely that after that the
market will return to the fall again, which means that you can trade for a fall.
EUR/RUB
For this currency pair as a whole, we are talking about the dominance of an uptrend, but if we
consider the last weeks, then this is still a sideways correction, which is limited from above by
the level of 89.91. The current price has come close to the indicated level. You need to wait
until the price finally consolidates above the designated level and only then you can open a
contract. It is interesting that if we consider the indicated level together with moving averages,
then a triangle is formed, along the edges of which there are at least three pairwise checks.
AUD/CHF
The past week has seen a strong decline in the Australian dollar against the Swiss franc. As part
of this decline, there was a strong volatile fall, stopping at 0.6501. In general, if we consider
the indicators, primarily the histogram, then the dominance of the downward dynamics is clearly
traced. This will be the target for the work in the coming week. After bouncing from the
designated level, it has already made a significant movement, which means that we can already talk
about a formed correction and consider options for trading down.
GBP/CAD
This currency pair is at the stage of sideways correction, which allows for an additional
important level of 1.7101. If you look at the indicators, they show low dispersion in motion.
Taking into account that the price is below the designated level and the overall dynamics of the
asset still remains downward, you can trade for a fall. If the market manages to gain a foothold
above the designated level, then it will be possible to trade upwards, but we take into account
that there is a very strong level above and, in addition, the level of moving averages.
NZD/CHF
The New Zealand dollar acts against the Swiss franc within which the price is below the trend
line, below the moving average and reached the level of 0.6037. It is interesting that the
oscillator reached the oversold area, followed by an upward movement. Thus, we say that here and
now the oscillator and flat strategies dominate the currency pair. Therefore, we are considering
options for training for a rise.
USD/CNH
This week's movement has led to what we talked about in the previous week's review: a strong
downward movement as a result of working out the triangle figure. The movement is very strong,
with the oscillator in the oversold area and the histogram repeating the minimum historical
values. Characteristically, all indicators and price are in the ascending trend formation stage.
Given the fact that the previous fall was very strong, the market may need to make a correction,
which means that upward trading options can be considered.
Max Vasilyev
One of 6ixmarkets's clients. It was on this resource that he was able to earn the first
$50,000.
He lives in Moscow.
