Crude Oil West Texas is forming a Dragon Fly Doji at Support. Potential reversal?
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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.
GBP/CAD rebounded from the 200D SMA and 200D EMA support with double Hammer. This GBP/CAD pair is also trading in a Rectangle chart pattern with clear support at 1.9852 and resistance at 2.09502.
