Triple top at 68.0, with Gann, pivotfan, TMA agreements?
HELLO TRADER'S THIS IS MY BULLISH TREND ANALYSE . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND YOU CAN ENTRY .THIS IS MY OPINION ONLY NO MORE SIGNAL .
overall consolidate.wait for clear breakout for price trend .good luck
This two are similar in their movement. Aussie maybe slightly stronger. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
The New Zealand dollar index is in a downtrend since January 2013 in order to say an increase, point 75 must be broken and a weekly closing above this resistance. As for the downward view, it is prevalent on this indicator. we are waiting for a break of the downtrend and reaching 68 points and making a false break with the August 17 interval and selling from this...
I think if the price break the 65.3 level it may continue in his way to around 66.4 and 67.4 if he doesn't break it he will go down to around the 63.1 level especially RSI indicate to the buying saturation which means it will go down soon ALSO, THERE ARE NOT IMPORTANT NEWS ON NZD THIS WEEK
We expect ZXY to fall as to follow its channel, if ZXY breaks the major resistance then all the ZXY pairs could be bullish.
As we see, NZD Currency Index (ZXY) is at its Resistance or SBR (Support Becomes Resistance). Though there is no confirmation to what does the NZD Currency Index going, prepare yourself as it is a WEEKLY SBR.
in a few day if stochastic cross under red line it time for make a short order for higher resistance is may not yet allow to test regards