maggies
Long

Cup and handle forming perhaps?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
25 2 1
On the weekly and daily chart I see a cup pattern building. The top is 0.7725 -7730. If so, price would then reverse to form the handle before heading upwards.
Does anyone else see this?
nice chart, as a newbie, what i see is there are different camps using different indicators. like in NZD this pair, majority are leaning towards a sell for the past few days but if any short , they get squeeze, espeically after it went about the 73 mark and moving towards 74 to 75 level. Does your indicator lean towards a short term long towards 77 ? thanks
Reply
maggies dchua1969
Thank you. I'm newish, got a lot to learn, and can easily be wrong! But, there was an ascending triangle that looked as though it could lead to a sudden drop in price. Price pushed above the top, 0.7350, and invalidated it. If the patterns and trends I can see are correct, I am expecting the price to go generally upwards to about 0.7720, then fall again to about 0.7400, and then continue upwards. So I took a long position at 0.7390 and will keep it, hoping I am right and it will reach 0.7720. But we'll see!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out