NZDUSD: In a Potential Bullish Triangle Pattern
Examining the left side of the chart we can see that NZDUSD tends to accumulate before making its next move. Currently, NZDUSD is in another accumulation phase, and the current picture suggests a "Potential Bullish Triangle" pattern.
If the price holds above the support zone near 0.5680, the likelihood increases that this pattern could initiate a bullish wave. A movement above the pattern could push NZDUSD up to 0.5770, 0.5820, and 0.590.
While external factors like Trump's actions may add complexity and can invalidate the pattern if the price moves below the support zone 0.5680
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Examining the left side of the chart we can see that NZDUSD tends to accumulate before making its next move. Currently, NZDUSD is in another accumulation phase, and the current picture suggests a "Potential Bullish Triangle" pattern.
If the price holds above the support zone near 0.5680, the likelihood increases that this pattern could initiate a bullish wave. A movement above the pattern could push NZDUSD up to 0.5770, 0.5820, and 0.590.
While external factors like Trump's actions may add complexity and can invalidate the pattern if the price moves below the support zone 0.5680
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
NZDUSD +50 pips since yesterday:)
Trade closed: target reached
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.