The rates of American stock index S&P500 pulled back from the broken uptrend and slowly reversed down, targeting one more uptrend located below. All in all, the index has the potential to drop:
The cross rate of EUR/GBP is approaching a very strong weekly downtrend; therefore this currency pair could potentially pull back down from the downtrend. Let’s observe the candlestick formations happening next to the downtrend to see the developments soon:
The New Zealand currency nicely worked through the broken local downtrend. Now, the asset’s rate reached back to the broken neckline of double bottom, that is, the 0.6560 level. It’s noteworthy that the double bottom is touching the weekly uptrend and could strongly support the kiwi. In general, the currency pair could potentially jump from the 0.6560 level:
