Had to re evaluate my trade and decided placing a sell position instead. Based off the downward channel formed. Currently have two sell orders in place now.
My Current prediction for NZD/USD pair. This pair has an attraction to these two levels outline in black (top) and green (bottom). Looking to compound on some entries in this up and coming month. 1st entry locked in.
- July 2015 price ranged tapping resistance before heading on down - October 2015 resistance broke - November 2015 support level is broken - December 2015 price past resistance - January 2016 floor is broken - February – March 2016 resistance is tapped multiple times. Then broke through by end of month. - April 2016 price stayed above support. - May 2016 price...
Meant to post this the other day. - October 2004 price broke through support. - May 2005 area was tapped and rejected towards the downside. - Oct, Dec, Nov 2008 bouncing as resistance, then continues throughout Jan, Feb, Mar 2009. - February 2009 price showed downward strength. - Jan, Feb, Mar 2015 price held as resistance. - July 2015 had the strength to push...
For this analysis anytime I use the word “Significant level” this applies to the 114.00 level. - September 2003 price broke below. - April 2004 tapped 105.000 level. - May 2004 price tapped significant level and end up hitting both 105.000 and 102.000 level. - December 2004 – January 2005 price became very attracted to 105.000 and 102.000 level. - May 2005...
I wanted to share on the significant strenght of 1.36462 level history on this pair, and why I see a potential sell with take profit at 1.33000 level. 1. This level dates back to Jun and Mar of 2009 as support. 2. Price broke through in Jun of 2016. 3. Level acted as resistance in Sept 2017 4. Broke past resistance around Jan 2018 5. Past support April 2018 6....
I've been keeping up with the Austrailian economy data, and from what I can see, they are still in the mist of recovering from pre Delta. Since majority of the borders are still in lock down mode, this has made it difficult for major imports and exports brining business into Austraila overall. Although their have been bonuses and wage increases for employment...