GBP/USD and NZD/USD Rise From the Death!

Tomasz Wiśniewski
Published: Dec 15, 2021, 09:25 UTC

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

GBP/USD and NZD/USD Rise From the Death!

In this article:

USD loses traction and allows other currencies to catch some breath. On many pairs, this initial reversal is happening in very interesting places.

GBPUSD is bouncing from the lower line of the flag and the 38,2% Fibonacci with a beautiful inverse head and shoulders pattern. The neckline is already broken, so the buy signal is ON.

A similar situation can be seen on the NZDUSD but here, instead of the iH&S, we have the triple bottom formation.

EURUSD is bouncing from the lower line of the pennant.

GBPJPY defends a crucial horizontal support and aims higher.

USDCHF still waits for the breakout from the symmetric triangle pattern. Currently we are in the middle.

AUDCHF aims higher after the price makes a V-shaped reversal after touching the lower line of the flag.

CHFJPY continues another week inside of the rectangle, between the 23,6% and 38,2% Fibonacci.

CADCHF is attacking a long-term horizontal support. A breakout can bring us a proper sell signal.

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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