Main Quotes Calendar Forum
flag

FX.co ★ NZD/USD exited the bearish channel, time to sell

parent
Forex Analysis:::2016-10-13T15:32:41

NZD/USD exited the bearish channel, time to sell

The price has exited the bearish channel so we are waiting for selling opportunities below the major resistance at 0.7107 (Fibonacci retracement, pullback resistance) for a push down to 0.6956.

RSI (34) is below long-term descending resistance line.

Stochastics (21,5,3) is below descending resistance line too.

Sell below 0.7107. Place take profit at 0.6956 and stop loss at 0.7209.

NZD/USD exited the bearish channel, time to sell

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...