Tag - usd

NZD/USD didn’t manage to return the pair to the 0.6710-0.6850 range from the first attempt and trigger “Shakeout-Fakeout” pattern.

We are staring a new month and the final quarter of 2018…

On the daily chart, EUR/USD was forming a “Shakeout-Fakeout” pattern dueing the 2 consecutive months.

On the daily chart of USD/JPY, there is a battle between bulls and bears to reach an important level at 88.6% of XC wave of the “Shark” pattern.

Traders and investors all over the world are highly anticipating the Federal Open Market Committee (FOMC) statement and the Federal funds rate announcement today at 21:00 MT time…

On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar.

USD/CHF reached 0.9630 (50% of the medium-term rising wave), although the diagonal resistance in form of the upper border of the downtrend channel is a more serious obstacle.

The meeting of the Federal Reserve will be the main event of the day on Wednesday…

Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.

Let’s go through the main Forex topics that will offer you profit opportunities.

On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).

On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.