The last video in this week starts with the Bitcoin, which failed to defend the support on the 7500 USD. That can possibly have negative implications for the BTC as in the same time, we came back below the long-term down trendline. Current sentiment is back to negative and the closest support right now is the neckline around the 6800 USD
This week was rough for the NZD. On the NZD/USD, the price breaks the lower line of the symmetric triangle, which possibly can send the price even lower. What is more, we are still below the long-term resistance marked with the yellow colour, which is defining the main sentiment on this pair. As long as we stay below, there is a proper sell signal here.
NZD/CAD also looks terrible. Here, the price broke the lower line of the triangle but also long-term up trendline, which was connecting higher lows for the past 8 years! That is a very strong, long-term trading signal.
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