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
Advertisements
Advertisements
Navigation FX - Technical Analysis
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="Navigation FX, post: 115044, member: 39595"] [B][U]NZD/USD - Strong support formed[/U][/B] NZD/USD has been on a relatively easy trend to follow. The trend has been bullish since 20th January following reports of the economy growing. On the 8th September the RBNZ decided to cut interest rates to 2.0% which led to an appreciation in the currency. We then see the same trend again on the 9th November where RBNZ cut interest rates to 1.75%. The currency appreciated over 380 pips. We can see on the graph that a strong support has occurred (0.698), forming another channel perpendicular to the strong bullish channel in blue. RSI at 37 indicating to us that it is oversold. Maybe a good time to enter a long position. If the resistance is broken (0.7056) we can expect it to surge to at least 0.7084. More to follow later on, keep a close eye. [IMG]http://www.navigationfx.com/wp-content/uploads/2016/11/nzdusd-d1-pepperstone-group-limited-2-696x345.png[/IMG] [/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…