Quick short sell with a safe stop loss. TP is a once resistance now support. We will watch if it will bounce up or pass it for another market order. I'm new to trading and I would love feedback thanksssss <3
Hello everyone, A good opportunity has been detected on the USD/CHF pair. After strong upward movement on the USD/CHF , the price found resistance on a valid trendline , on a strong resistance point and on the 200 Moving Average, pulled back and is currently correcting to
At its monetary policy meeting held on Wednesday, June 24, the Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the second straight month, as widely expected.
The RBNZ kept its quantitative easing (QE) programme size unchanged at around NZD6
Sterling could benefit from stronger June PMI surveys.
Manufacturing PMI has been negative for 11 of 13 months to May.
June manufacturing PMI forecast to be 45 after 40.7 in May.
Services PMI to rise to 39.5 from 29 in May and 13.4 in April.
The sterling has languished for the past two weeks from a
GBP/NZD bulls looking for weekly support to hold.
Trendline support tests may need to wait at this juncture.
GBP/NZD is by no means showing a buying opportunity, yet, but the price has moved towards an area of accumulation and is worth having on the radar at this juncture.
The cross has been in a