NZDUSD Bullish Divergence Long

FX:NZDUSD360

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ May 18, 2018 6:48 PM

Pretty simple trade to close up for the Friday.

Comment

⋅ May 21, 2018 10:00 PM

Update for weekly view

Comment

⋅ May 21, 2018 10:04 PM

NZD weighted average showing a falling wedge

Comment

⋅ May 21, 2018 10:08 PM

In contrast the USD weifgted average.
You could argue this is also a falling wedge pattern, but I believe it is just following the trend an is about to be rejected at the black line above current price action.