NZDUSD
Highlighted Previous Week's Highs and Lows:
I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
Weekly Confirmation:
The market has shown a weekly confirmation with a movement of around 115 pips, indicating a significant trend or market momentum.
Key Psychological Zone:
The weekly low falls into our psychological zone, a critical area where market participants may look for potential reversals or significant price actions.
This setup suggests a close watch on the psychological zone for possible reversals or continued movement in the confirmed direction, with the significant weekly movement highlighting the current market momentum.
I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
Weekly Confirmation:
The market has shown a weekly confirmation with a movement of around 115 pips, indicating a significant trend or market momentum.
Key Psychological Zone:
The weekly low falls into our psychological zone, a critical area where market participants may look for potential reversals or significant price actions.
This setup suggests a close watch on the psychological zone for possible reversals or continued movement in the confirmed direction, with the significant weekly movement highlighting the current market momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.