Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

What's Next EUR/NZD, EUR/USD And AUD/NZD

Published 11/07/2018, 03:53 AM
Updated 05/14/2017, 06:45 AM


All setups from the yesterday's Trading Sniper video were spot on. Oil went significantly lower as expected. We anticipate a further decline. EUR/NZD also went down breaking the lower line of the rectangle pattern. Currently we do have a small reversal, which can be a good occasion to open short positions with higher prices to obtain a desirable risk to reward ratio.


EUR/USD also did a great job. The price broke the down trendline and the horizontal neckline, which brought us a buy signal. We later used those areas as supports, which gave us a confirmation. Currently, the price is on the highest levels since the 24th of October and we do have big chances that this movement will be continued.


AUD/NZD broke the lower line of the symmetric triangle pattern. That was anticipated as we were under the influence of the big head and shoulders pattern. Potential target for this drop is around 200 pips lower, which makes it a good occasion for the long-term sellers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.