Last week's fundamental news on NZD was able to result to a strong bullish trend DAILY CHART -Price broke key resistance zones( 74.423,74.952,75.938,76.285) -Current price shows a retest of the new bullish trend (hence i recommend a buy limit to secure more pips) WEEKLY CHART -Key support zone at 72.524 -Price broke out around 75.398 to the upside therefore...
i believe ECB's President Draghi dovish sentiments on the EUR is the major cause of the downward trend.Since the new trading week lacks major news on both currencies i believe the bearish trend will continue and price to hit new lows. On the technical side price has broken major support and resistance zones on the downside SELL- TP1=1.64567 TP2=...
DAILY CHART -Bullish trend broke below 87.187 which satisfied selling pressure -False breakout around 86.111 creating a new resistance zone around 86.701(lower high) WEEKLY CHART -Resistance around 88.516 -Support around 80.906 -Price continuation from the resistance zone shows a bearish trend MONTHLY CHART -Resistance around 89.610 -Support area around...
Strong bullish trend breaking major support and resistance zones.I believe the bullish trend will continue BUY- TP1= 0.69238 TP2=0.70116 SL-0.69238
A new high low forming showing a downtrend.Last week's trade seems to have ended in the formation of a new resistance showing a great chance of a sell opportunity. SHORT TERM INVESTMENT(TP)-1.3645 LONG TERM INVESTMENT(TP)-1.2921 STOP LOSS-1.14942
buy tp1=85.441 a major support zone was formed around the price of 80 a bullish trend formed till around the price of 86 a downward trend began however the current price tends to correct the downward trend
possibly a long or short call depends on the next candle.its hard to tell the green candle is a correction or a start of a bullish trend hence the neutrality
sell TP1=107.000 price broke off the bullish trend and started a downward trend price broke off the 1st supply zone implying a bullish trend analysis is based off only technical data
4HR- a bearish trend is emphasized in the chart however a small reversal of the trend can be seen 1hr- The support zone shows the point of bearish trend reversal 15min- a bullish trend is highly emphasized in the chart from the zone of reversal till the end of the sesssion uses the common formation of DROP BASE DROP and RALLY BASE RALLY hence makes their...