Indicator Signal
- RSI Buy
- MACD Buy
- Bollinger Bands Buy
- MA(200) Neutral
- Parabolic SAR Sell
- Fractals Neutral
Chart Analysis
On the daily timeframe, NZDUSD: D1 pushed off the support line of the medium-term neutral trend and is currently correcting upward. Now it has to overcome the resistance line of the short-term downtrend. Signals for a further increase were formed by a number of technical analysis indicators. We do not exclude bullish movement if NZDUSD rises above its last upper fractal, resistance line of short-term downtrend and Parabolic signal: 0.636. This level can be used as an entry point. The stop loss is feasible below the minimum since August 2015, the last lower fractal and the Bollinger Bottom Line: 0.619. After the opening the pending order, we move the stop loss after the signals of Bollinger and Parabolic to the next fractal minimum. So far, we switch the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price overcomes the stop level (0.619) without activating the order (0.636), it is recommended to cancel the order: markets sustain internal changes that weren’t taken into account.
Fundamental Analysis
The US Federal Reserve cut the rate straightaway by 0.5% (from 1.75% to 1.25%). Will NZDUSD quotations grow?