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NZD (New Zealand Dollar)

[the crossroads] Bearlish bat in GBP/NZD or triangle breakoutFrom the chart, the price is now at the crossroads, it's also a prefect example for technical analysis . It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA. There is also a decline trend line above the PRZ zone But if you add up the uptrend line and you will see a triangle, the price also runs about 2/3 of the triangle, and the possibility of an upward breakthrough is increased. The RSI index diverts again I will continue to observe it. If I tarde on the wrong direction and fail, I will seekthe opportunities that I have made in GBP/JPY 0.20% ()
Short
by yitiancai
Prediction on NZD USD Movement on the hourly ChartsThe 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
Long
by SaleemJunedLala