the pair and as we can see from the chart has closed it's daily candle under the level of 0.8300 , so , that's mean the down trend is still standing and the pair is heading to 0.8260 then 0.8230
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the pair and as we can see from the chart has closed it's daily candle under the level of 0.8300 , so , that's mean the down trend is still standing and the pair is heading to 0.8260 then 0.8230
as we can see the weekly chart the pair succeded to close under strong up trend with good bearish candle. i think it should go more down to test the level of 0.79500. if it can close under it then more down expected. and do not forget that all this can happen with some correction .
we can see that the pair has closed it's daily candle above 0.8300 . so , that's means that up trend is expected and the pair might head to 0.8350 and then 0.8380 ,but also the hourly correction is expected before continue in the up trend
Although building permits released overnight out of New Zealand were weaker than expected, markets reacted well on an upward revision of the previous months print from -1.6% to -1.2%, suggesting the housing market may not have been quite as weak as anticipated.
If a M15 close above 0.8200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8150 sell only and do not buy. If price closes back above it again do nothing
The range 0.8200 and 0.8150 is neutral area, any trade done in between is personal decision and not part of this analysis
The data comes on the heels of a stronger than expected CPI print earlier in the week which saw interest rate expectations from the Bank of Canada climb. When taking into account the recent prints on the respective economic dockets, today’s price action seems logical.
High Clarity of this chart pattern reflects widespread confidence among market participants regarding the current upward movement of this currency pair.
the chart is showing that the pair is trading above level 0.8300 , that's mean the up trend is still standing and the pair might reach 0.8370 , but if the pair succeeded in breaking 0.8300 , it will head to 0.8270 and then 0.8240
the pair and as we can see from the chart has closed it's daily candle under the level of 0.8200 , so , that's mean the down trend is still standing and the pair is heading to 0.8160 then 0.8130
If a M15 close above 0.8300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8250 sell only and do not buy. If price closes back above it again do nothing
The range 0.8300 and 0.8250 is neutral area, any trade done in between is personal decision and not part of this analysis