NXD/USD (Daily Chart) - Resisted by the 200-Day EMA
After breaking the neckline about 4-5 months ago, this pair has been mostly bullish, but in the past 1 month it has shown a strong rebound back to the breakout point.
Now, it is being resisted by the support-turned-resistance and the 200-day EMA, and if prices are unable to cross those, then it is likely that the bearish trend will continue.
Based on the price projection of the rectangle pattern and prior low, a good target would be near the 0.62 region.
Now, it is being resisted by the support-turned-resistance and the 200-day EMA, and if prices are unable to cross those, then it is likely that the bearish trend will continue.
Based on the price projection of the rectangle pattern and prior low, a good target would be near the 0.62 region.
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.