NZD/USD Possible Upward Move
Hello Traders
Last week, NFP and unemployment news did mixed signals. NFP got bullish but so weak. in the other side, unemployment did a bearish signal.
We believe all USD pairs are going to make correction moves until FED's interest rate decision.
So here is why we are bullish on NZD/USD:
1- RSI and Stochastic made a RD+.
2- Possible Double bottom formation.
3- in macro TF Price is moving inside of Triangle.
4- Price is struggling with downward trendline.
5- an engulfing bullish candle(4hr TF) has been made on support.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Last week, NFP and unemployment news did mixed signals. NFP got bullish but so weak. in the other side, unemployment did a bearish signal.
We believe all USD pairs are going to make correction moves until FED's interest rate decision.
So here is why we are bullish on NZD/USD:
1- RSI and Stochastic made a RD+.
2- Possible Double bottom formation.
3- in macro TF Price is moving inside of Triangle.
4- Price is struggling with downward trendline.
5- an engulfing bullish candle(4hr TF) has been made on support.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
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.