Hello everybody!
-On this daily chart we can see that previous support line(yellow line) now becomes resistance line and the price was rejected when it hit that line.
-We can also see that yellow line is very strong support and now resistance because it had multiple touches in the past(about 15).
-On daily base NZD and CAD are at same level and on weekly base NZD is stronger than CAD.
-I recommend to wait until conformation signal if it is going to happen.In other case if NZD gain more bullish power the price may break that resistance line,...
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On this daily chart we can see that previous support line(yellow line) now becomes resistance line and the price was rejected when it hit that line.
-We can also see that yellow line is very strong support and now resistance because it had multiple touches in the past(about 15).
-On daily base NZD and CAD are at same level and on weekly base NZD is stronger than CAD.
-I recommend to wait until conformation signal if it is going to happen.In other case if NZD gain more bullish power the price may break that resistance line,...
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.