InvestMate 🥝 NZD/UDS Bounces Off Support Zone 🥝
🥝 NZD/UDS Bounces Off Support Zone
🥝 Nearest strong support zone: around the 0.236 fibo level of the upward wave.
🥝 Nearest strong resistance zone: around recent peaks.
🥝 Technical environment:
📊 Moving averages: Downtrend.
📊 MACD: Downtrend
📊 RSI: Downtrend
🥝 Price Action: NZD/USD rebounds from its first support zone determined by measuring the entire upward wave from the bottom to the current peak. In the medium term, NZD/USD looks more pro-downtrend but the current support zone may rebound the price for some time. It is likely that the decline will continue later this week.
📉 The scenario I'm playing out is to wait for the end of the upward corkscrew and join further declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
🥝 Nearest strong support zone: around the 0.236 fibo level of the upward wave.
🥝 Nearest strong resistance zone: around recent peaks.
🥝 Technical environment:
📊 Moving averages: Downtrend.
📊 MACD: Downtrend
📊 RSI: Downtrend
🥝 Price Action: NZD/USD rebounds from its first support zone determined by measuring the entire upward wave from the bottom to the current peak. In the medium term, NZD/USD looks more pro-downtrend but the current support zone may rebound the price for some time. It is likely that the decline will continue later this week.
📉 The scenario I'm playing out is to wait for the end of the upward corkscrew and join further declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.