Hi there people,
Just like my earlier EURUSD Analysis NZDUSD has similar setups forming. 2 divergences (one is in play and the other one is forming) spotted and uptrend is still intact. In order to attract more buyers the price will highly likely to drop down to marked accumulation distribution area before it makes its next move up. Although I am thinking EURUSD has more potential to make even further gains as I analised NZDUSD has surely have a good one leg up then possibly consolidates between two S&D zones seen on the chart. Let's see how it will go.
Green pips to you all..
Just like my earlier EURUSD Analysis NZDUSD has similar setups forming. 2 divergences (one is in play and the other one is forming) spotted and uptrend is still intact. In order to attract more buyers the price will highly likely to drop down to marked accumulation distribution area before it makes its next move up. Although I am thinking EURUSD has more potential to make even further gains as I analised NZDUSD has surely have a good one leg up then possibly consolidates between two S&D zones seen on the chart. Let's see how it will go.
Green pips to you all..