NZDUSD E Kopana pele ho Phokotso e Ka bang teng

Azeez Mustapha

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Tlhahlobo ea Mmaraka - la 17 Hlakubele

NZDUSD consolidates ahead of a potential decline. NZDUSD has been observed to lurk in a consolidation phase, suggesting a buildup of selling pressure. This would likely precede a downward movement. The Fair Value Gap also serves as a price level that attracts sell orders.

Maemo a bohlokoa a NZDUSD

Libaka tsa Tlhokahalo: 0.59900, 0.58630
Libaka tsa Phepelo: 0.62100, 0.63730

NZDUSD E Kopana pele ho Phokotso e Ka bang tengMokhoa oa nako e telele oa NZDUSD: Bearish

The NZDUSD pair experienced a bullish trend, reaching a high of 0.63730 before a significant price drop. This led to the break of the bullish trend line and a battlefield from a bullish to a bearish market structure. The break of the trendline signals the beginning of a new trend. The price then entered a consolidation phase as it lacked the strength for rapid bearish movement.

The consolidation represents a buildup of sell orders, while the formation of a double-top pattern aligns with the market’s bearish maikutlo. Prices are likely to fill the Fair Value Gap as the daily timeframe Moving Average indicates a shift from a bullish to a bearish pono.

NZDUSD Consolidates Ahead of Potential DeclineMokhoa oa Nako e Khutšoane oa NZDUSD: Bearish

The double top pattern is evident in the 4-hour bolele ba nako. The moving average on the 4-hour chart suggests a bearish price trend as the current price is below it. As the theko approaches the 0.59900 demand level, a minor hula is expected before breaking below the demand level and filling the fair value gap.

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Azeez Mustapha

Azeez Mustapha ke setsebi sa khoebo, mohlahlobi oa lichelete, leano la lipontšo, le molaoli oa lichelete ea nang le boiphihlelo bo fetang lilemo tse leshome lebaleng la lichelete. Joaloka blogger le sengoli sa lichelete, o thusa batseteli ho utloisisa likhopolo tse rarahaneng tsa lichelete, ho ntlafatsa tsebo ea bona ea ho tsetela le ho ithuta ho sebelisa chelete ea bona hantle.

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