Forex Analysis – NZDUSD PRICE BREAKOUT
This is an update for NZD/USD, The pair is currently hovering around the trend line shown in the chart. we’re predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so SELL on 0.69699 and place your TARGET at 0.69399.
In Other View Point – The Kiwi is Looking All Black and Blue
Similar fundamental reasons underlie my bearish bias on the Kiwi. The bidirectional monetary policy impacting rate differentials being the most meaningful. Further, technically, one would expect some material levels within the next handle, as evidenced by my red support line which roughly marks out the neckline of a head and shoulders top. Finally, with the MACD turning bearish on such an important trend-line, one has a reasonable argument for action to take some risk.
In Another View Point – Hug that bear
If you look closely at the thick blue line thats the 200 day moving average and it was broken by the bearish movement same with the support line which was also broken as well….this will be a good sell setup and it also agrees with the weekly and 4hr time frames….be sure to place your stoploss right above the support line. The stochastic and rsi also serve as good indicators on the bearish movement to happen. The target i am expecting of course is 0.68132. however feel free to comment on this idea.