NZDUSD CURVE ANALYSIS (2D)
Updated
RESISTANCE @ 0.7350
SLO @ 0.7160 ⏳
TP4 @ 0.7060
TP3 @ 0.6720
TP2 @ 0.6500
TP1 @ 0.6180
BSO @ 0.5900 ⏳
BLO @ 0.5855 ⏳
SUPPORT @ 0.5655
After a +600 pips profit towards the downside, we are ready to rock towards the upside again.
SLO @ 0.7160 ⏳
TP4 @ 0.7060
TP3 @ 0.6720
TP2 @ 0.6500
TP1 @ 0.6180
BSO @ 0.5900 ⏳
BLO @ 0.5855 ⏳
SUPPORT @ 0.5655
After a +600 pips profit towards the downside, we are ready to rock towards the upside again.
Note
NZDUSD: CURVE ANALYSIS (1H)
SLO2 @ 0.6040 ⏳
SLO1 @ 0.6020 ⏳
TP1 @ 0.5990
TP2 @ 0.5960
TP3 @ 0.5940
TP4 @ 0.5910
BLO1 @ 0.5900 ⏳
BLO2 @ 0.5880 ⏳
ADDITIONAL INFO:
❓ Although the High Time Frame shows a BIG PICTURE uptrend, it appears that Price Action on the Intermediate Time Frame is coming into some bearish momentum.
📉 The current technical analysis for NZDUSD appears to nearing a Supply Zone which would cause PA to become bearish.
Moving Averages:
✍️ The 20-period simple moving average (SMA) is below the 50-period SMA
✍️ The 50-period simple moving average (SMA) is below the 100-period SMA
📉 The above averages indicate a bearish trend.
🤔 The 100- and 200-period SMA, already reflect a bearish trend.
Support Levels:
🕯 A key Support Level is @ 0.5886. If NZDUSD breaks below 0.5871, it could continue to drop further to 0.5780
Resistance Levels:
🕯 A key Resistance Level is @ 0.6022. If NZDUSD breaks above 0.6050, it could continue to climb further to 0.6066
Technical Indicators:
P2P INDi
Pivot High @ 0.6049
Pivot High @ 0.5871
TEMASHA
A break below 0.5975 could lead to further downside.
Trade active
NZDUSD: Curve Analysis (6H)
⚠️ This is an ALTERNATIVE Curve analysis showing the probability of PA going higher.
✍️ I'll keep you posted as l make adjustments.
Professor C. E. Ward
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