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Tag Archives: chart patterns

EURNZD monthly (top) and daily chart

Finally this big setup in EURNZD now in play

A big bearish setup we spotted in EURNZD back in January appears to be now in play. An anticipated Head and Shoulders reversal did not complete but since transformed. However the key feature which is a resistance going back to 2005 remains intact. A trendline break and bearish expansion sends a signal.

USDCHF weekly (top) and daily candlestick charts in two panels

Which currency pairs are first movers in a USD ‘recovery’?

USD could be due for a short term recovery since DXY has been supported for two months or more. An inspection of major USD pairs since DXY bottomed on 16 February 2018 reveals USDCAD and USDCHF to be early movers. USD long positions in these pairs could outperform others if DXY retraces higher from here.