NZD/USD: the downtrend is on

NZD/USD: the downtrend is on

Trade idea

SELL 0.6700; TP 0.6660; SL 0.6710

NZD/USD reversed down and is confidently continuing the downtrend. The pair recoiled down from the 50-day MA at 0.6750 and closed below 50% Fibonacci at 0.6715. In addition, the pair has already fallen inside the daily Ichimoku Cloud and will likely proceed to its lower border. The 100-day MA and 50% Fibo levels in the 0.6665 are now luring the kiwi down. NZD/USD may try to recover a bit, but the general trend is to the downside and these attempts will be likely limited by resistance.  

NZDUSDDaily.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Deposit with your local payment systems

Learn more

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera