NZD/USD Super-Dot Should Provide Counter Trend Opportunity

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The NZD/USD has formed a super-dot at the 9 % support indicating a possible counter-trend move.

The price is supported just above W L3 which is in confluence with 9 % fib. We can also see the consolidation above the support and a super-dot. Super-Dot indicates that the market is oversold and the price might move on to 0.6520 and 0.6552. If we see a close below 0.6400, the counter trend will be negated.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X