Forex Forums | ForexLasers.com


Go Back   Forex Lasers Forum > FOREX TRADING > Forex Analysis


NZD/USD March 28th

Forex Analysis


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 28-03-2012, 13:08
Level 1 Lasers Member
 
Join Date: Jan 2012
Posts: 5
Default NZD/USD March 28th

The USD traded in a bullish trend against the major currencies yesterday after few days of weakening, as the NZD had difficulties in continuing rising against the USD as well. The pair has been moving through a channel between the resistance at 0.825, which is has failed to break several times in the recent weeks, and the 200 SMA around 0.805. The pair made a bearish candlestick yesterday, which emphasizes the strength of the resistance and if the current pattern remains, the Kiwi might slide to the lower boundary of the channel at 0.805. Pay attention to the fact that stochastic levels are approaching 80, which means that the chances for a bearish session are getting higher.

NZD/USD March 28th-nzdusd2803.jpg
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
"Hot Summer" Trading Competition from Forex-Metal broker,from 28th June Camilla Software / Signals / Services 0 03-06-2010 22:15


All times are GMT. The time now is 14:07.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.