Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 127446, member: 33464"] [SIZE=6][B]NZDUSD – New Zealand Dollar Downtrend Remains Intact[/B][/SIZE] [SIZE=5][B]Key Highlights[/B][/SIZE] · The New Zealand Dollar’s continuous failure to break 0.7050 against the US Dollar ignited a downside wave. · There are two crucial bearish trend lines with resistance around 0.6920 on the 4-hours chart of NZDUSD. [B][SIZE=5]NZDUSD Technical Analysis[/SIZE][/B] The New Zealand Dollar faced heavy offers near 0.7050 against the US Dollar and started a downside move. The NZDUSD pair is now in a downtrend, eyeing a test of 0.6850. [IMG]https://titanfx.com/wp-content/uploads/2017/05/NZDUSD-05.10.2017-768x401.png[/IMG] The pair recently broke the 100 and 200 simple moving average (H4), and the 0.6980 support to ignite a decline. The pair traded as low as 0.6839 from where a correction was initiated. The mentioned correction stopped near two crucial bearish trend lines with resistance around 0.6920 on the 4-hours chart. NZDUSD resumed its downside move, and now trading below the 38.2% Fib retracement level of the last wave from 0.6839 low to 0.6945 high. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…