USD/SGD Pair rebounded from 200D SMA support with a Morning Star. This 200D SMA support coincides with 61.8% Fibonacci Retracement Level which is also a critical support which tested 3 times previously.
USD/SGD pair is still trading on long term uptrend and currently expected to bounce off from this long term up trend support.
Original post from https://mystocksinvesting.com
USD/CHF is forming an Inverted Hammer / Hammer at the 200D SMA support (also the uptrend trendline support). Look at the RRR (Reward Risk Ratio) every time the pair bounces off the up trend line support. Yummy!
Original post from https://mystocksinvesting.com
GBP/NZD is currently trading within a Falling Wedge (chart pattern labelled in blue color). This currency pair was rejected at 200D EMA (red line) which is also the 61.8% Fibonacci Retracement Resistance (also the support turned resistance level) at about 2.24. Base on the chart pattern and Fibonacci Expansion, GBP/NZD expect to move lower to the 1st target of 2.08575 (previous resistance) followed by the 161.8% Fibonacci Retracement level at about 2.01983.
