Technical Analysis

NZDUSD toys with 100 and 200 day MA

A glance under the 100 day MA, finds assist forward of the 200 day MA

The NZDUSD is toying with key technical ranges outlined by the 100 and 200 day MAs.

A look below the 100 day MA, finds support ahead of the 200 day MA

The 100 day MA is at zero.6765. The 200 day MA is at zero.67445. The low for the day reached between these two ranges at zero.6752.  We at the moment commerce simply above the 100 day MA at zero.67687.  PS the 38.2% of the transfer up from the October 2018 low is available in at zero.67606.

Drilling to the hourly chart under, when the value fell under the 100 day MA, it was additionally cracking a decrease pattern line. These breaks each failed.  It is going to take a transfer under each to extend the bearish bias.

On the topside, the topside pattern line is available in at zero.6792. The 100 hour MA is available in at zero.6800.  Though the transfer decrease is exhibiting some stall, these ranges will must be damaged to get extra upside corrective motion going.  Sellers proceed to stay in management till then.  

The NZDUSD on the hourly chart shows the price below the 100 hour MA and trend line.  Sellers in control.

ForexLive


Clickbank Promo Tools
Wiadforex
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services
http://www.wiadforex.com

Leave a Reply

Your email address will not be published. Required fields are marked *


Recommended Clickbank Products