NZDUSD CURVE ANALYSIS (2D)

RESISTANCE @ 0.7350
SLO @ 0.7160 ⏳
TP4 @ 0.7060
TP3 @ 0.6720
TP2 @ 0.6500
TP1 @ 0.6180
BSO @ 0.5900 ⏳
BLO @ 0.5855 ⏳
SUPPORT @ 0.5655

After a +600 pips profit towards the downside, we are ready to rock towards the upside again.

Note

NZDUSD: CURVE ANALYSIS (1H)
SLO2 @ 0.6040 ⏳
SLO1 @ 0.6020 ⏳
TP1 @ 0.5990
TP2 @ 0.5960
TP3 @ 0.5940
TP4 @ 0.5910
BLO1 @ 0.5900 ⏳
BLO2 @ 0.5880 ⏳

ADDITIONAL INFO:
❓ Although the High Time Frame shows a BIG PICTURE uptrend, it appears that Price Action on the Intermediate Time Frame is coming into some bearish momentum.

📉 The current technical analysis for NZDUSD appears to nearing a Supply Zone which would cause PA to become bearish.

Moving Averages:
✍️ The 20-period simple moving average (SMA) is below the 50-period SMA

✍️ The 50-period simple moving average (SMA) is below the 100-period SMA

📉 The above averages indicate a bearish trend.

🤔 The 100- and 200-period SMA, already reflect a bearish trend.

Support Levels:
🕯 A key Support Level is @ 0.5886. If NZDUSD breaks below 0.5871, it could continue to drop further to 0.5780

Resistance Levels:
🕯 A key Resistance Level is @ 0.6022. If NZDUSD breaks above 0.6050, it could continue to climb further to 0.6066

Technical Indicators:
P2P INDi
Pivot High @ 0.6049
Pivot High @ 0.5871

TEMASHA
A break below 0.5975 could lead to further downside.

Trade active

NZDUSD: Curve Analysis (6H)

⚠️ This is an ALTERNATIVE Curve analysis showing the probability of PA going higher.

✍️ I'll keep you posted as l make adjustments.

ProfessorCEWard

Professor C. E. Ward

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ProfessorCEWard

Professor C. E. Ward

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