iliaskz

iliaskz

After a strong downtrend in March, price enterd a long range period within the channel Price seemed to finally making a move, forming an uptrend. We entered at the second touchpoint of the the trend MACD is showing a bullish momentum, with an increasing slope of ADX On the higher timeframe (Daily), price bounced from the SMA 20 support line

iliaskz Updated 

The overall trend of the NZDUSD pair is bullish, both on the 4H and Daily frame We expect the price to rise further after the touchpoint of the trendline, now that the corrective bearish trend is broken We have extra confluence from the green histograms of MACD, and an increasing slope of ADX showing that a trend is ongoing

iliaskz Updated 

After a strong rally, the price entered a range, making lower highs Howver this trendline is broken after three touch points, with strong bullish candles MACD and ADX are showing a strong bullish momentum in the making I expect the price to continue up till the next major resistance line