NZD/USD Price Analysis: Bulls struggle to get through critical resistance – by fx_ross NZDUSD Technical Analysis
Bears are lurking and there is a case for both sides of the market. , the pair was destined for a move deeper into the sell-off and has been testing the vicinity of the 50% mean reversion as follows:It was explained that the downside has been decelerating, correcting into what could become resistance:
However, the bulls committed and headed into the structure and resistance near the 38.2% Fibonacci level ahead of a 50% retracement thereafter. meets where prices were agreed, so this would be expected to act as the firmest of the resistances. If it holds, the price could be sold off heavily in the near term, but if it breaks, a deeper correction will be on the cards for the days ahead.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NZD/USD Price Analysis: Bulls eye a move to the 38.2% Fibo and beyondAt this juncture, the W-formation's support is key. If the bulls commit, then the price will be destined for structure and resistance near the 38.2% F
Weiterlesen »
WTI Price Analysis: Bulls come up for air to test key resistanceWTI oil came up for air on Wednesday and moved in a key area of 4-hour support as the following charts will illustrate. At the time of writing, the bl
Weiterlesen »
EUR/USD Price Analysis: Bulls concentrate on 11-week-old resistance near 1.0190EUR/USD Price Analysis: Bulls concentrate on 11-week-old resistance near 1.0190 – by anilpanchal7 EURUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Weiterlesen »
Silver Price Analysis: XAG/USD bulls now await a move beyond descending trend-line hurdleSilver Price Analysis: XAG/USD bulls now await a move beyond descending trend-line hurdle – by hareshmenghani Silver Commodities Technical Analysis XAGUSD
Weiterlesen »
Gold Price Forecast: XAU/USD bears take on bulls below key daily resistanceThe price of gold was pressured on Tuesday and has fallen by over 1.3% on the day. At the time of writing, the yellow metal is testing the $1,700 leve
Weiterlesen »
USD/CAD Price Analysis: Surges on higher US inflation report, traders eye 1.3200USD/CAD Price Analysis: Surges on higher US inflation report, traders eye 1.3200 – by christianborjon USDCAD Majors Currencies Technical Analysis
Weiterlesen »