InvestMate 🥝 NZD/UDS Bounces Off Support Zone 🥝
🥝 NZD/UDS Bounces Off Support Zone
🥝 Nearest strong support zone: around the 0.236 fibo level of the upward wave.
🥝 Nearest strong resistance zone: around recent peaks.
🥝 Technical environment:
📊 Moving averages: Downtrend.
📊 MACD: Downtrend
📊 RSI: Downtrend
🥝 Price Action: NZD/USD rebounds from its first support zone determined by measuring the entire upward wave from the bottom to the current peak. In the medium term, NZD/USD looks more pro-downtrend but the current support zone may rebound the price for some time. It is likely that the decline will continue later this week.
📉 The scenario I'm playing out is to wait for the end of the upward corkscrew and join further declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
🥝 Nearest strong support zone: around the 0.236 fibo level of the upward wave.
🥝 Nearest strong resistance zone: around recent peaks.
🥝 Technical environment:
📊 Moving averages: Downtrend.
📊 MACD: Downtrend
📊 RSI: Downtrend
🥝 Price Action: NZD/USD rebounds from its first support zone determined by measuring the entire upward wave from the bottom to the current peak. In the medium term, NZD/USD looks more pro-downtrend but the current support zone may rebound the price for some time. It is likely that the decline will continue later this week.
📉 The scenario I'm playing out is to wait for the end of the upward corkscrew and join further declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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Disclaimer
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.