FX:NZDUSD   New Zealand Dollar/U.S. Dollar
118 0 9
8 months ago
The weekly chart of this pair shows a bearish divergence on the histogram, price at value, an inverted H&S formation which looks like it is failing, a previously overbought Force Index and blue impulse. All these facts, considering we are in a massive downtrend, makes me want to short.

Going on to the daily chart for timing, the setup looks great. There has been a false breakout above 0.69, and a divergence has formed on the histogram. The impulse is already red, because of the fall early this morning.

I am looking for the previous major low to be tested, but I think this chart can go much lower than that.
7 months ago
Comment: Stopped out. When such a bearish scenario fails, it is probably time to buy. Reverse position!

snapshot
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out