empty
 
 

07.05.202109:44 Forex Analysis & Reviews: NZDUSD facing bullish pressure, potential for further upside!

Exchange Rates 07.05.2021 analysis

Price is facing bullish pressure as it continues to hold above both the ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at 1st support, in line with our 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and a further rise to 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance.

Trading Recommendation

Entry: 0.72203

Reason for Entry:

38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support

Take Profit: 0.72867

Reason for Take Profit:

127.2% Fibonacci extension and horizontal swing high resistance

Stop Loss: 0.71916

Reason for Stop Loss:

161.8% Fibonacci extension and horizontal swing low support

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
分析专家
InstaForex集团 © 2007-2021
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

展示更多
现在无法通话?
提出您的问题,用 在线帮助.