YGForex

NZDUSD Finally Taking a Turn....BEARISH Potential!!!

Viés de baixa
FX:NZDUSD   Dólar Neo-Zelandês/Dólar Americano
I will start off by saying the outlook of NZDUSD is pretty similar to AUDUSD as of now. I will place the link to my AUDUSD post below. Alright, what we can see for NZDUSD now is also price level at a trend resistance level, very similar to AUDUSD now. Similarly, I see a potential double head pattern forming. Could be a lower one to signal to us BULL are losing its strength. We already started to see Wave 5 forming now if we look at elliot wave point of view. We will soon see a retracement wave abc forming. For wave A, I will see it potentially falling to 38.2 fib level followed by a retest to the trend resistance for wave B. Lastly, for wave C, we will be able to see BEARISH movement to 61.8 fib level, also where a strong support level is at. (Bold Line) I will update again when price level reaches that level. Stay tune!!!

Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.