nzdjpy analysisOANDA:NZDJPY
Overall structure on NZDJPY is bullish. a support level has been established around 90.496 on the 1h with there being multiple touches and rejections with price failing to break below 90.496. a bullish engulfing candlestick is my confirmation to continue bullish run on NZDJPY
1h
nzdjpy analysisOANDA:NZDJPY
Overall structure on NZDJPY is bullish. a support level has been established around 90.496 on the 1h with there being multiple touches and rejections with price failing to break below 90.496. a bullish engulfing candlestick is my confirmation to continue bullish run on NZDJPY
$NVDA S/R flipPrevious ATH on the daily is $480.88, on the 1H chart NVDA has tested this level as support twice in with price action that looks like a spring —> backtest of spring. Still exceeding expectations with earnings even if guidance wasn’t as bullish as people had hoped. Has obviously run up a lot but very strong uptrend and worth a go to get onboard the trend imo.
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GBPCAD in bearish trend.GBPCAD is in bearish trend and printing LH and LL. There is no divergence on 1H timeframe at the moment. Oil prices are also on the rise which will probably strengthen CAD resulting in further bearish trend.
Sellers will be in control once support level of 1.66593 is broken. It will get retested and then hopefully, will go further down to 1.66067.