empty
16.11.2022 12:48 PM
NZDUSD Potential for Bullish Momentum | 16th November 2022

This image is no longer relevant

On the H4 chart, the price is moving above the Ichimoku cloud and has broken out of the ascending channel. If this bullish momentum continues, the price may break the 1st resistance at 0.61565, which is in line with the previous swing high and 0% fibonacci line, before heading towards the 2nd resistance line at 0.62504, where the 78.6% Fibonacci line is. Alternatively, the price may head back towards the 1st support at 0.59998, where the 61.8% Fibonacci projection line is located.

Trading Recommendation

Entry: 0.61565

Reason for Entry:

1st resistance line

Take Profit: 0.59998

Reason for Take Profit:1st support line and 61.8% Fibonacci projection line

Stop Loss: 0.62504Reason for Stop Loss:2nd resistance line and previous swing high

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback