NZDJPY continues to trade within its ascending channel structure, with both support and resistance defined by the channel boundaries. Price is currently near a potential double bottom formation, which could lead to a short-term consolidation or minor bounce.
Current Structure:
Pattern: Ascending channel intact
Formation: Double bottom potentially developing near channel support
Immediate Bias: Range-bound action likely in the near term
Outlook:
While a brief consolidation or relief bounce may occur from the double bottom formation, the broader technical structure suggests a eventual move toward the lower channel support. This aligns with the bearish projection indicated on the chart.
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Current Structure:
Pattern: Ascending channel intact
Formation: Double bottom potentially developing near channel support
Immediate Bias: Range-bound action likely in the near term
Outlook:
While a brief consolidation or relief bounce may occur from the double bottom formation, the broader technical structure suggests a eventual move toward the lower channel support. This aligns with the bearish projection indicated on the chart.
✍🏼Author's word: Like & comment(your thoughts) if you found it helpful.🩷
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Bybit #2 exchange. New users: get up to $35K rewards + $100 free bonus via link. 👇
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My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
shorturl.at/sqBpx
My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。