AMAZING SHORTS ON NZDUSD!
Here on Nzdusd we can see that on the 15min time frame price has formed a triple top.
Price also struggles to break our previous resistance level and the descending trend line.
Both moving averages are also bearish so we can see that bears currently have control of the market.
On the 1 hour time frame price is also currently forming lower lows and lower highs and price has just formed a new lower high, giving us extra reason to believe price will drop and potentially create new lower lows.
Hope you enjoy this analysis and check out my page for plenty more to come!
Price also struggles to break our previous resistance level and the descending trend line.
Both moving averages are also bearish so we can see that bears currently have control of the market.
On the 1 hour time frame price is also currently forming lower lows and lower highs and price has just formed a new lower high, giving us extra reason to believe price will drop and potentially create new lower lows.
Hope you enjoy this analysis and check out my page for plenty more to come!
Penafian
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