NZDCHF is stucking more and more weekly. Ofcourse there is 2 way to go but if you look at the RSI divergence, it can give you an idea to think it will be able to go up. And the other tning is that we ve a trend line which it touched 3rd times, and there is no reason to think it is not a trend. watch carefully first.
At this case, there is a good rejection here and if you take a fibo, you can guess where to go down from here. And yet, on the fibo levels, we have a good place to stop going down couse there is a hesitant point on the map which i spoted red color. You can see on the dayly chart spoted point.
And this is the dayly picture of the previous weekly idea.
we have double bottom here, at the weekly chart ofcourse, adn if it works, we have a fibo levels those can be potential reversal levels, can be reconsider.
at weekly chart, AUDCAD is testing the breaking point, after a double bottom, i wouldnt expect it would act short, at least it seems like that.
If it can break the support line which moving inside, can go down to the next support.
if it breaks the fibo 0.236, it MAY go down to the first target line which is fibo 0.382.
does ıt look lıke to work? what do you thınk? ıt looks like to move as a wave, hıttıng fırst 0,618 up, then hıttıng 0,236 down, then hıttıng agaın 0,50 up, so ıs the 0,382 next? and then what?
EURAUD CAN BE BROKE SHORT TREND TO UP
can be long opportunuty, if it breaks the yellow trend line
We had a cypher pattern here, so it breaks the trend line and retested the area. i expect a long trend now to the resistance area. and if it breaks it s possible to move on up trend, if not, can go back to the support area again.
it s slowing down and over to make a HaS pattern here
it had been a cypher pattern last few weeks and then the currency has gone up, it has passed a resistance line. RVI and Awsome inicators says the trand is up, so i expect it CAN go upper to the higher resistence line