NZDUSD’s negative momentum gains new confidence

NZDUSD’s negative momentum gains new confidence

From xm.com

NZDUSD is presently tackling the 0.5841 level, that being the 38.2% Fibonacci retracement of the down leg from 0.6447 to an 11-year low of 0.5468, after new-found negative sentiment sent the pair back into the Ichimoku cloud. Aiding this move down is the recent bearish crossover of the now declining Ichimoku lines. The short-term oscillators are providing extra backing towards a negative picture. The MACD has slipped below its zero and trigger lines, while the RSI is falling in the bearish zone. Moreover, the stochastic lines are shifting slowly into oversold territory. That said, the recent bullish overlap of the ... (full story)

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Post #1
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Apr 3, 2020 11:23am Apr 3, 2020 11:23am

OnlineAddict
Joined May 2014 | Status: Veteran | 2,378 Comments | Invisible

The broker wants you to short nzdusd...what to do...

Post #2
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Apr 3, 2020 6:03pm Apr 3, 2020 6:03pm

eliteincome
| Joined Aug 2011 | Status: Member | 25 Comments

NZ will do the opposite to what ever you are thinking.Thought it would stay down at 0.55 an it bounces back to 0.60 last week.

Post #3
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Apr 4, 2020 5:41am Apr 4, 2020 5:41am

eozdural
| Joined Jun 2015 | Status: Member | 179 Comments

The author just says that it's a bunch of negative looking oscillators that make it look like its going down. The rest of the article is if it goes up, where are the resistance lines, and if it goes down, where are the support lines.

Post #4
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Apr 4, 2020 11:34am Apr 4, 2020 11:34am

diamondfx360
| Joined Mar 2020 | Status: Junior Member | 1 Comment

Here is an outlook of price on diamondtrader mt4 template.

Nzd will move up to m3 level this week. I already entered a buy at the lows on friday.

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Posted: Apr 3, 2020 11:02am
Submitted by:
Newsstand

Category: Technical Analysis

Comments: 4 / Views: 4,817