Ruble is strengthening... Will it last

25 January, 2016

EUR/USD

Euro has bounced off the broken channel and is falling. Now we will seek sales after breaking on a pullback to the 1.0800 level. For now we are focusing on candlestick signals:

AUD/NZD

As for the AUD/NZD pair, we are waiting for the breaking of the descending channel and we will buy the pair on a pullback to this channel. We can even do it with a limit order because the channel rests on three points:

USD/RUB

The price has drawn a “long-legged doji” (rickshaw), which has run into the 79.50 level on a weekly chart. We expect a pullback to the broken upstream triangle, where we will try buying, and a further movement above the ninetieth figure:


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Go short!

When it comes to the EUR/USD pair, then we have a descending channel on the weekly chart...

  


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