NZDUSD: Inverse Head-Shoulder-Formation, Target Activated!

Hello There,

welcome to my new analysis about NZDUSD from the hourly timeframe perspective. In recent times I spotted interesting trading setups in the forex market that have the potential to transform into solid surplus opportunity trades. One of them being NZDUSD, it is already completing a major formation that is likely to transform into a massive price move.

As when looking at my chart, we can watch there how NZDUSD forms this major inverse head-and-shoulders formation. Within this formation it already completed all parts of the formation and bounced above the neckline to form the settlement above the neckline with the confirmational bull-flag formation. This formation is already bouncing within the 50-EMA.

From here on, NZDUSD has strong potential to accelerate the bullish alignments and emerge with strong bullish expansions. NZDUSD already confirmed the upper bullish target zone as marked in my chart. It is a great trade on the long side to profit from the rising prices. Especially the bounce from the 50-EMA combined with the neckline and the bull flag makes a strong combination for further upward movements.

In this manner, thank you a lot for watching!
The support is highly appreciated.

VP