Daily price was crossed 200-day SMA/100-day SNA area for the bullish reversal with Fibo support at 0.6773 as the next target for the bullish trend to be continuing: "The New Zealand Dollar is attempting to renew upside momentum against its US namesake as prices broke upward to the highest level in nearly two months. The currency mounted a swift advance following an unexpectedly strong set of trade figures.""Near-term resistance is at 0.6746, the 50% Fibonacci expansion, ...
Daily price is braking 200 day SMA for the bullish reversal: The price is breaking Fibo resistance level at 0.6748 together with 200 day SMA for the reversal of the price movement form the primary bearish to the primary bullish market condition."The New Zealand Dollar finds itself at trend-setting resistance that has capped gains versus the currency’s US counterpart since early July 2014. The pair’s behavior at this critical juncture may prove defining for trend development ...
"The New Zealand Dollar looks poised to challenge two-month highs against its US counterpart below the 0.69 figure having extended upward for a third consecutive day. Prices have also broken above trend line resistance capping gains since July 2014, hinting a larger reversal may be ahead.""A daily close above the 0.6884-97 area marked by the 50% Fibonacci expansion and the October 15 high opens the door for a challenge of the 61.8% level at 0.6932. ...
D1 price is on primary bearish market condition with the local uptrend as the bear market rally: price broke 100 day SMA from below to above and it is located to be between 100 day SMA and 200 day SMA for the ranging condition wiaitng for direction: The price is trying to break 0.6835 resistance and 0.6896 resistance levels for the bullish reversal.Key support level for the bearish trend to be continuing without raning is 0.6463 level.RSI indicator is estomating the local ...
[/LIST] Foreign Exchange Price & Time at a Glance: Price & Time Analysis: EUR/USD EUR/USD recovery stalled near the 3rd square root relationship of the year’s low near 1.1415 on TuesdayOur near-term trend bias remains positive on the euro while above 1.1210A push above the 3rd square root relationship of the year’s low at 1.1415 is needed to set off a new leg higher ...
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