FX:NZDUSD New Zealand Dollar/U.S. Dollar
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
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!