Prediction on NZD USD Movement on the hourly Charts

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
53 0 2
The FX_IDC:NZDUSD             chart has formed 2 bullish cypher patterns on the hourly chart.

The first purple bullish cypher has been completed where the D leg of the pattern was at a horizontal support line and the price action is moving towards the targets for that at 0.7258 post which the price action should reverse and come down to complete the CD leg of the Yellow cypher .

The yellow Cypher will stay valid as long as the price does not go above the C leg before coming down to complete the D leg.

Entry for the yellow cypher will be at 0.72074

Target will be 0.72491
Stop at 0.71711
Comment: Price action spiked up to hit Purple Cypher target and is mostly looking to make a move down to complete the D leg of the Yellow Cypher
Order cancelled: Price has gone above C, invalidating the Yellow Cypher Pattern.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out