DXY is breaking structure to the downside and nzd has reached an important level, also printing an engulfing bullish candle and a slow correction above TL.
next impulsive candle signals the buy
a break of the CTL confirms the buy. a break of the pivot gives stronger confirmation of buy.
price rejected of the monthly multiple times.
EMAs to the downside
daily bullish trend broken and later found support and consolidated for a few day. now broke that base and is a good opportunity to sell with SL above previous high.
big news tonight (5/1/18) so trade with causion
-Weekly and Daily on overall bearish trend.
-Daily however just broke structure to the upside most likely reaching 92.60s area this week and from here we can see the start of a reversal to the downside.
-A break of the critical zone will open way for the dollar index to rise as high as 95.15s zone and still be bearish on the weekly TF.
*bias is BEARISH as dxy...
Price finally rallied up! The weekly candle closed above .7750 and above the blue EMA. A high probability for price to continue towards the weekly resistance at .7925. This price coincides somewhat with the previous touch on the descending daily TL.
Daily-price came above .7750 and used it as suport, however it did not have a strong closure. it went to touch ....
