NZDUSD Double Top (Mar 5, 2018)
NZDUSD could be in for a long-term selloff as price formed a double top on its 4-hour time frame. The pair has yet to break below the neckline at the .7200 major psychological support to confirm the...
Tag: NZDUSD
NZDUSD Trend Line Bounce (Jan 25, 2018)
This pair has been trending higher, moving above an ascending trend line on the 1-hour time frame and just bouncing off support. A rally could take it up to the latest highs near .7425 and beyond. The...
NZDUSD Ascending Trend Channel (Jan 17, 2018)
NZDUSD is trending higher on an ascending channel visible on its 1-hour and 4-hour chart. Price is currently testing support and might be due for a move back to the resistance soon. The 100 SMA is above...
NZDUSD Broke Below Important Support At 0.6817
NZDUSD extended its downside movement from 0.7557 to as low as 0.6780, breaking below an important support level at 0.6817. Further decline would likely be seen over the next several weeks. On the downside There is a...
NZDUSD Broke Below Trend Line Support On 4-Hour Chart
NZDUSD recently broke below a bullish support trend line on the 4-hour chart, indicating that the bounce from 0.6818 had completed at 0.6979 already. On the downside The NZDUSD pair failed to breakout of the falling trend...
NZDUSD Downtrend Correction (Nov 09, 2017)
NZDUSD has been trending lower since breaking below the neckline of a head and shoulders pattern. Price is also moving below a descending trend line connecting the highs since mid-September. A pullback to this trend line appears...
NZDUSD Failed To Break Below 0.6817 Support
The NZDUSD pair failed in its attempt to break below 0.6817 support and bounced off to 0.6940 area, suggesting that consolidation for the downtrend from 0.7557 is needed. Further rally would likely be seen in the coming...
NZDUSD’s Bearish Movement Extended To 0.6931
NZDUSD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817. On the 4-hour chart, the NZDUSD pair traded...
NZDUSD Neckline Retest (October 16, 2017)
NZDUSD previously broke below a head and shoulders reversal pattern neckline, indicating that a downtrend is in the cards. The chart pattern is approximately 350 pips tall so the resulting selloff could be of the same size....
NZDUSD Broke Below Important Support At 0.7131
The NZDUSD pair recently broke below an important support level at 0.7131 and extended its bearish movement from 0.7557 to as low as 0.7055, indicating that the bearish movement from 0.7557 has resumed. Further decline towards 0.6817...