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Manticore_Investments
May 24, 2023 9:15 AM

NZDCAD moment of reversal; RSI/BB_BANDS/HAIKEN_ASHI Long

New Zealand Dollar/Canadian DollarFXCM

Description

BUY NZDCAD RSI/BOLLINGER_BANDS/HAIKEN_ASHI

The Relative Strength Index (RSI) shows that the asset is momentarily overbought/oversold, suggesting a possible trend reversal.

The Bollinger Bands indicator shows that the asset is currently in the upper/lower resistance/support zone.

In addition, I use Heiken Ashi candles, which help to see the trend in a smoother and smoother way.

Intervals:
D1:


H4:


H1:


M30:


Conclusion:
Based on the analysis of RSI, Bollinger Bands and Heiken Ashi candles, it seems that the NZDCAD asset may be at a turning point. However, keep in mind that technical analysis does not guarantee 100% accuracy, so I recommend carefully monitoring the situation and confirming this signal with other indicators or fundamental analysis.

Please note that this analysis is for informational purposes only and does not constitute investment advice. Always do your own research and consult a professional financial advisor before making any investment decisions.

I wish everyone successful investments!

Greetings
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