FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Recent price action: Bearish
Pattern: Head and shoulders/Rising wedge
Long-term momentum: Bullish/ranging
Short-term momentum: Bearish
Bias: Short
Action: Already in a short sell. Signal was based on daily time frame. Will need a close below trend support and weekly support to confirm further movement to the downside. Weekly support will also function as the neckline for the head and shoulders pattern.
Comments: Price is moving exactly how I forecasted when the right shoulder was forming. High chance of getting a bounce back to the upside once weekly support it hit. Price has not been able to get below this level since April 2016.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out