NZDUSD - Is The USD Strength Coming To An End?!
Updated
Analysis:
Bullish Confluences
Bearish Confluences
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Bullish Confluences
- In an upwards trend
- Retesting an area of significance
- In the fib retracement "golden zone"
- Upwards trendline touch
- Broadening ascending channel formed
- 5K long position increase for the NZD
- 2K short position decrease for the NZD
Bearish Confluences
- The NZD is the 4th strongest major currency whereas the USD is the strongest major currency
- 1K long position increase for the USD
- 1K short position decrease for the USD
- Recent USD news has been bullish
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active
With our entry criteria being met and our order being filled we are long looking to see the USD strength come to an end and for price to make a move to the upside!
Disclaimer
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