Technical parameters | (12th – 16th ) February
Possible entry point with critical support and resistance level.But when you trade this level make sure that you are using price action confirmation signal.We have prepared these key support and resistance level based on the Fibonacci retracement levels,100&200 SMA, key swings point and chart patterns formed in the higher time frame. Focus on NZDUSD technical analysis
Testing critical high on the daily chart.
First critical Resistance: click here
Second critical Resistance: 1.28854
First critical Support: click here
Second Critical Support: 1.19118
Overall Sentiment: Slightly bearish
For GBPUSD, AUDUSD, NZDUSD and USDCAD analysis
All the technical parameters are applicable from 12th February to 16th February 2018.The overall sentiment indicates the prevailing trend of the market.We highly recommend you to trade in favor of the market sentiment (overall sentiment ) to reduce the risk exposure in trading.Trade the critical support and resistance level with price action confirmation signal.If you want to get the technical chart analysis along with logical explanations, feel free to contact us.
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