The NZDUSD is forming a local distributive movement to the resistance zone of 0.5805. What to expect next?
We see the formation of resistance level at the price of 0.5805, the subsequent confirmation of the level by a false breakdown tells us about the presence of an important zone for the price. A struggle between the players is forming in this area, buyers and sellers are trying to strengthen their positions. Thus, under the condition of consolidation from above or below the level, further movement can be assumed.
I assume that at this point two scenarios are possible:
1) False breakdown and price consolidation under the level of 0.5805, in which case you can expect a pullback:
2) Breakdown and consolidation above the level of 0.5805 after the pullback. In this situation the bulls will show their position and the growth will continue.
Regards R.Linda!
We see the formation of resistance level at the price of 0.5805, the subsequent confirmation of the level by a false breakdown tells us about the presence of an important zone for the price. A struggle between the players is forming in this area, buyers and sellers are trying to strengthen their positions. Thus, under the condition of consolidation from above or below the level, further movement can be assumed.
I assume that at this point two scenarios are possible:
1) False breakdown and price consolidation under the level of 0.5805, in which case you can expect a pullback:
- - The short-term target is the support level 0.5726.
- - Mid-term target - level 0.5679
2) Breakdown and consolidation above the level of 0.5805 after the pullback. In this situation the bulls will show their position and the growth will continue.
- - The short-term target in this case will be 0.5887.
Regards R.Linda!
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.