Yeni Zelanda Doları / ABD DolarıGüncellendi NZDUSD Trade Idea
NU is currently in an uptrend, in today's analysis I'll be using the 4h chart for a better clarity in the market. NU was in a clear uptrend with higher highs & lows sequence, a range bound condition began to form when NU failed to further rally on 6th Jan formed a head & shoulder pattern, indicating short-term bearish sentiment in the market. In today's trading session, I'll remain neutral bias. There are two scenarios that I am looking at
1. A second rejection off 0.7219 previous swing high with 0.7115 support zone as the initial target. Be aware that price could have a deeper pullback towards 0.7237 resistance zone before sellers step in. (Bearish)
2. To activate any short-term long setup, we'll need to see 0.7237 resistance zone clearly breached. (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. A second rejection off 0.7219 previous swing high with 0.7115 support zone as the initial target. Be aware that price could have a deeper pullback towards 0.7237 resistance zone before sellers step in. (Bearish)
2. To activate any short-term long setup, we'll need to see 0.7237 resistance zone clearly breached. (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Not
Previous analysis
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.