NZD/USD Intraday technical levels and trading recommendations for for April 18, 2018

In November 2017, evident signs of bullish recovery were expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why a […]

Intraday technical levels and trading recommendations for EUR/USD for April 18, 2018

Daily Outlook The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until a breakout occurs in either direction. Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750. However, significant signs of bearish reversal were manifested around the […]

Brent: East is a delicate matter

Donald Trump’s statement that «the mission is carried out» after the military strikes against Syria by the United States and its allies allowed the «bears» of Brent and WTI to go on a counterattack. The conflict around Damascus did not turn into a mass brawl and the risks of interruptions in supplies from the Middle […]