NZDUSD TECHNICAL ANALYSIS

Here is an NZDUSD Technical Analysis on the h4 time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

NZDUSD on the daily Time Frame

Price is currently trading below the 15 and 30 EMA.

The price is trading in a downward trend.

Price had just Rebounded.

Pintail has been formed.

Price has room to go up to the 15 EMA.

Additional points on NZDUSD

MACD is red and below the zero-line.

Zero line is also in yellow which shows strong momentum

Conclusion

Price is may increase at least up the 15 EMA or the next resistance level.

 

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Have a great trading day ahead!

Ilyas Ismail

Currency Strategist

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