tradersvision

NZD/USD - Intraday Observation - UPDATE_1

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
140 1 1
Yesterday I closed may my analysis with the statement that:" on the other side watch the dotted line as it might/does form a wedge that should not be broken on a daily basis. Just in case it does so in the next few days we will see if the boundaries of the trading ranges will hold for support."

Well it happened faster than expected. Now, we will see if the lower band of the trading range will do its job and if so whether or not it can bounce back up and clear at least the middle line at 0.8266.

As long as the price stays in this range above the triangle formation - see long term view on weekly basis - the scenario is still valid and in progress.

There is no denial that a warning sign has been triggered.
Agreed.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out