NZDUSD ( SELL ORDER 5.80% )
🎗️Name : NZD/USD
🗨Time Frame : 4hrs Chart
(❗️Short Order )
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🧾 : WHY IS NZDUSD GOING DOWN?
Negative economic indicators in New Zealand, such as low economic growth, rising unemployment or declining exports, can weaken the investor's NZD and lead to a depreciation against the USD If there are global economic concerns, such as a potential economic recession or a trade war, investors may seek refuge in the US dollar as a safe haven, which could lead to a decline in the NZD/USD exchange rate.
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🅱️Bearish Break
0.58330 Area
Reasons
Major Turn level / D
Q / M low Break
Visible Range Lvn
Liquidity Area
FRVP / D
✅Bullish Reversal
0.55100 Area
Reasons
Year Low Area
Major Turn level / M
Visible Range Lvn
Major Resistance
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the new setup that I'm gonna be using is inspired by ( GoldenEngine )
🗨Time Frame : 4hrs Chart
(❗️Short Order )
------
🧾 : WHY IS NZDUSD GOING DOWN?
Negative economic indicators in New Zealand, such as low economic growth, rising unemployment or declining exports, can weaken the investor's NZD and lead to a depreciation against the USD If there are global economic concerns, such as a potential economic recession or a trade war, investors may seek refuge in the US dollar as a safe haven, which could lead to a decline in the NZD/USD exchange rate.
——————————
🅱️Bearish Break
0.58330 Area
Reasons
Major Turn level / D
Q / M low Break
Visible Range Lvn
Liquidity Area
FRVP / D
✅Bullish Reversal
0.55100 Area
Reasons
Year Low Area
Major Turn level / M
Visible Range Lvn
Major Resistance
——————————
the new setup that I'm gonna be using is inspired by ( GoldenEngine )
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