FX:AUDNZD   Australian Dollar / New Zealand Dollar
8 0 2
In this chart a bottom is regarded at around 1.093; three factors were the idea behind,
1, the break of a simple downward line with consecutive retest but lack of piercing;
2, downward force diminished, every upturn had fewer and fewer downward pressure, it means bears lost steam, hence the chart starts to look far from the bottom and mostly traded in the upper part;
3, the classical round pattern, at the top signals a downside, at a the bottom, an upside.

The same structure is for a top, keep in mind if it is technical analysis it is valid everywhere at any time.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out