Wirehair

Are the bulls wearing out?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
129 1 1
It's a magnificent battle. The last 4 trading days bulls have managed to briefly push price above the high from May, only to be beaten back and see the day closing just a few pips below. From a technical perspective there are a few signs that the bulls are wearing out, including bearish divergence and a yet to be confirmed double top (see chart)
For now the uptrend remains intact, but to see it continue we need a daily close above 0.8780. Do the bulls have enough dry powder left to accomplish that?
m looking at this too..... same view ! bearish
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out