We see a triangle formed from a year ago. In a shorter term, there is a down channel. Recently, the price bounced off the top of this channel, then made two strong bearish candles in 1-day chart, breaking a 4-hour uptrend line (pink). The last candle should be a pullback. I expect a bearish movement this week, with the entry when price breaks the candle of day 24....
NZDUSD has been on a trading range for 2 years, which means the prince can stay bouncing off the bottom of the channel for a while before going up.
In a second case, there was a strong bearish movement since the price bounced off the top of the channel. Does it mean strength enough to break the trading range? However, the price is losing force, showing some...
Few weeks ago, the price has broken an uptrend line (green), best viewed on weekly chart and a support level.
Now the price may be on a pull back. Short position to be taken once the price crosses the correction trend line (white) then the last swing low.
Target is on 100% of Fibonacci Extension, considering that the price reach the pink downtrend line. If it...
