Artık bundan sonra biz Elev8’iz

Biz yalnızca bir aracı kurumdan fazlasıyız. Analiz etmek, işlem yapmak ve büyümek için ihtiyacınız olan her şeyi tek bir yerde sunan, hepsi bir arada bir işlem ekosistemiyiz. İşlem deneyiminizi bir üst seviyeye taşımaya hazır mısınız?

NZD/USD Price Analysis: Inside short-term falling channel below 200-bar SMA

  • NZD/USD holds onto recovery gains, confronts 50% Fibonacci retracement.
  • A confluence of 200-bar SMA, 61.8% Fibonacci retracement becomes an important upside barrier.
  • Bullish MACD, sustained trading beyond 38.2% Fibonacci retracement keeps buyers hopeful.

NZD/USD takes the bids near 0.5960 during the early Tuesday. In doing so, the pair remains inside a one-week-old descending trend channel while also staying below 50% Fibonacci retracement of the previous month’s upside.

The kiwi pair’s ability to stay beyond 38.2% Fibonacci retracement, amid bullish MACD, seems to favor the buyers, which in turn questions the channel’s resistance, around 0.6000 now.

In a case where the bulls manage to successfully cross 0.6000 mark, a confluence of 200-bar SMA and 61.8% Fibonacci retracement near 0.6080/85 becomes crucial resistance.

On the contrary, the pair’s declines below 38.2% Fibonacci retracement level of 0.5845 needs validation through the channel’s support line, currently at 0.5830.

NZD/USD four-hour chart

Trend: Further recovery expected

 

USD/CAD Price Analysis: Drops below 1.41 on pennant breakdown

USD/CAD is losing altitude in Asia, having suffered a pennant breakdown on Monday. The pair is currently trading in the red near 1.4090, having faced
Devamını oku Previous

India’s growth to fall to 29-year low of 2.2% in FY 20/21 – Morgan Stanley

Morgan Stanley’s India Economist, Upasana Chachra, said in her latest client note, India’s gross domestic product (GDP) growth is seen falling to a 29
Devamını oku Next