EUR Starts a Correction, NZD Flexes Muscles

Tomasz Wiśniewski
Updated: Nov 18, 2021, 14:52 UTC

In today’s Traders Edge Market Briefing, Tomasz has found these amazing setups that we thought you’d find interesting.

EUR Starts a Correction, NZD Flexes Muscles

In this article:

Gold stays strong and enjoys a rather flat correction, which indicates a bullish power.

Silver tests the neckline of the iH&S pattern and defends it with a nice upswing, which is also very optimistic.

EURNZD drops after testing the crucial dynamic support as the newest resistance.

AUDNZD drops sharply after the price makes the false breakout above three major resistances.

CHFJPY reaches 38,2% and bounces higher – a classical movement for price action traders.

USDCHF tests the upper line of the symmetric triangle pattern and creates a shooting star on the daily chart, which is rather negative.

EURUSD bounces from the 61,8% Fibonacci with a pin bar, this may be the start of a bullish correction.

EURPLN continues the upswing driven by the bullish breakout from the ascending triangle pattern.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.

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