thillygoosth

NZD/USD potential beginning of reversal...again

OANDA:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
NU is just below the 1.236 fib of the WXY pattern, which is usually the spot. It either just made a running flat to continue dropping further, or it just made a "B" wave for a reversal (if so, most likely to make a larger running flat to confirm further downtrend which would probably take it to the 50-62% retrace area). Considering the fibs and the fact it came off of the 27% fib extension of smaller correction it is in, along with the weekly TDI divergence, I think it may be ready to start pulling up. Has not fully confirmed yet with lower time frame price action, but I think it very well might.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.