Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Let's start with the Top Down Analysis.
Monthly: A strong trendline was identified in the monthly timeframe.
Weekly: Weekly is overall bearish.
Daily: Daily is bullish but because of the confirmations from monthly and H4 we are bearish.
H4: We see a counter trendline and a breakout. That's the final confirmation for a bearish trend.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: A strong trendline was identified in the monthly timeframe.
Weekly: Weekly is overall bearish.
Daily: Daily is bullish but because of the confirmations from monthly and H4 we are bearish.
H4: We see a counter trendline and a breakout. That's the final confirmation for a bearish trend.
Have a nice day.