Tag: NZDUSD

NZDUSD | Looking to Short on Upswing | 14.08.2015

Technical Analysis NZDUSD 14.08.2015

Talking Points : NZDUSD Technical Analysis : Flat Support: 0.6443, 0.6261, 0.6114 Resistance:0.6679, 0.6791, 0.6973 The New Zealand Dollar may be in the process of carving out a double bottom against its US counterpart after putting in a Bullish Engulfing candlestick pattern. Near-term resistance is at 0.6679, the 14.6% Fibonacci retracement, with a break above […]

NZDUSD |Trying for Double Bottom | 10.08.2015

NZDUSD Technical Analysis

Talking Points : NZDUSD Technical Strategy : Flat Support: 0.6443, 0.6261, 0.6114 Resistance:0.6679, 0.6791, 0.6973 The New Zealand Dollar edged higher against its US counterpart as expected after putting in a Bullish Engulfing candlestick pattern. Near-term resistance is at 0.6679, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing […]

NZDUSD | Double Bottom in the Works? | 07.08.2015

NZDUSD Technical Analysis

Talking Points : NZDUSD Technical Analysis : Flat Support: 0.6443, 0.6261, 0.6114 Resistance:0.6556, 0.6679, 0.6791 The New Zealand Dollar may be forming a double bottom against its US namesake after prices produced a Bullish Engulfing candlestick pattern. A daily close above the 14.6% Fibonacci expansion at 0.6556 exposes the 14.6% Fib retracement at 0.6679. Alternatively, […]

NZDUSD | July Bottom Back in Focus | 05.08.2015

NZDUSD Technical Analysis

Talking Points: NZDUSD Technical Analysis : Flat Support: 0.6443, 0.6261, 0.6114 Resistance:0.6556, 0.6679, 0.6791 The New Zealand Dollar is sliding back toward July lows after failing to make good on an upward push against its US namesake. A daily close below the 0.6443-97 area (23.6% Fibonacci expansion, July 16 low) exposes the 38.2% level at […]

NZDUSD Bearish In Falling Bollinger Band

NZDUSD bearish in falling Bollinger Band

NZDUSD maintains a downside bias, with scope to retest the lower Bollinger Band at 0.6496 (a six-year low). The RSI remains in bearish territory below 50, although it is trending sideways, which suggests consolidation in the market in the near-term. The overall market structure is bearish due to the bearish alignment of the Bollinger Bands […]

All About Forex © 2014-2017 Home