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Analysis of #NZDUSD
Hello friends,
I rarely look at the monthly chart, but with this pair, I needed to show you a lot of data.
look where the market now, it did reach a very important level looking left, now what?
after a 36% rally bottom to top, 11 straight positive months, wow right.
the market could now start the move down and start correction move, but that means the dollar will have to strengthen, I believe it can as I predict the bond yield will continue to rally which will be in favor of the dollar.
of course, I cant trade the monthly, and for me, the 4 timeframes will best to spot bearish behavior and look for an entry that meets the rules with good risk to rewards
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Analysis of #NZDUSD
Hello friends,
I rarely look at the monthly chart, but with this pair, I needed to show you a lot of data.
look where the market now, it did reach a very important level looking left, now what?
after a 36% rally bottom to top, 11 straight positive months, wow right.
the market could now start the move down and start correction move, but that means the dollar will have to strengthen, I believe it can as I predict the bond yield will continue to rally which will be in favor of the dollar.
of course, I cant trade the monthly, and for me, the 4 timeframes will best to spot bearish behavior and look for an entry that meets the rules with good risk to rewards
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
