so my technical indicator is moving average 100,moving average 200 and technical tool is horizontal tine and trend line
over all down trend NZD/USD 21 jun 17 but 26 mar 20 to until today have not momentum daily analazy bounce in supple demand zone whatever waiting for breakdown up trend or downtrend
As pictured above on weekly chart:
***if considering 12345 as a pattern, see that :
1) point (3) has correct 0.88 of (12) wave.
2) point (4) has correct 0.5 of (23) wave.
so if search in harmonic patterns we found that it can be deep crab so:
the point (5) could be at 1.618 Ext(12) that if draw Ext(34) and App(234) see that they are all convergence to each...
The NZDUSD has been rising this week on the back of the weaker greenback. The first obstacle ahead of bulls might be found nearby 0.6680....
New Zealand dollar leads the gains following comments from a RBNZ official.
Aussie gets the weak GDP report, Australian PMIs mixed.
Wall Street surges after comments from Fed’s Powell...
BIG TIME.. GOOD LUCK
DXY on pullback in bearish trend, engulfing the previous bullish candle with a bearish candle, and also rejecting at a key, daily, manipulative level, finding resistance and supply, and looking like it will continue to push downwards.
Price on NZD/USD is in a big...
The NZD/USD has seen 5 waves up and 3 waves down for correction, now I believe that we have finished correction. We have started the 5 bullish waves which could be wave C or wave 3. The 3 correction waves got rejected at 61.8 fib retracement.
I took a nap earlier today and missed this opportunity to enter at the last daily close. I will still enter with smaller size because the possible R:R is looking bad with that trendline (R:R of slightly above 1) (I never take trades below that) and the Weekly kijun and Tenkan are both Pointing Down.
Buy at the second bounce at inclined support.
This pair has a c very complex structure.
But after completing 3-major wave consolidation finally it is ready to move further to the up-side.
With support level for leg 4 now completed, support level for leg 2 is on the way.
Bearish move will terminate at major support level.