{"id":104307,"date":"2017-04-03T04:39:39","date_gmt":"2017-04-03T08:39:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=104307"},"modified":"2017-04-03T04:39:39","modified_gmt":"2017-04-03T08:39:39","slug":"nzdusd-bearish-channel-in-progress","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/04\/nzdusd-bearish-channel-in-progress\/","title":{"rendered":"NZD\/USD Bearish Channel in Progress"},"content":{"rendered":"
April 3, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The NZD\/USD has been trading within the bearish channel, with a very low ATR. Slow zig-zag that has been forming this downtrend points out to new POC zone where price could reject and a breakout\/continuation level just below it. The POC (EMA89, D H3, ATR pivot, Upper channel line) 0.7000-7015 could reject the price towards 0.6980. Breakout and 4h close below 0.6980 suggests 0.6960 as the next target. Break of 0.6960 could pull the price lower to 0.6930. <\/p>\n

D H3 – Daily Camarilla Pivot (Daily Resistance)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react – aka entry zone)<\/p>\n

W L3 – Weekly L3 Camarilla (Strong Weekly Support)<\/p>\n

D L4- Daily L4 Camarilla ( Very Strong Daily Support)<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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D L5- Daily L4 Camarilla ( Strongest Daily Support)<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: NZD\/USD Bearish Channel in Progress<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The NZD\/USD has been trading within the bearish channel, with a very low ATR. Slow zig-zag that has been forming this downtrend points out to new POC zone where price could reject and a breakout\/continuation level just below it. The POC (EMA89, D H3, ATR pivot, Upper channel line) 0.7000-7015 could reject […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-104307","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=104307"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104307\/revisions"}],"predecessor-version":[{"id":104308,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104307\/revisions\/104308"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=104307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=104307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=104307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}