🥝 NZD/USD Will Continue to Fall? 🥝
🥝 NZD/USD Will Continue to Fall?
🥝 The nearest strong support zone: around the fibo level 0.236 of the upward wave.
🥝 Nearest strong resistance zone: around recent peaks.
🥝 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Downtrend
💲 Price action: NZD/USD tried an upward bounce on the European session but the 200-period moving average stopped it after which it started a continuation of the downward movement on the American session. We are in an upward channel, I am very curious to see if the scenario from gold I wrote about recently will repeat itself. It is very likely that we will break out to the bottom because such channels are usually trend continuation formations.
📉 The scenario I am playing is the continuation of the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
🥝 The nearest strong support zone: around the fibo level 0.236 of the upward wave.
🥝 Nearest strong resistance zone: around recent peaks.
🥝 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Downtrend
💲 Price action: NZD/USD tried an upward bounce on the European session but the 200-period moving average stopped it after which it started a continuation of the downward movement on the American session. We are in an upward channel, I am very curious to see if the scenario from gold I wrote about recently will repeat itself. It is very likely that we will break out to the bottom because such channels are usually trend continuation formations.
📉 The scenario I am playing is the continuation of the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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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 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.