{"id":10699,"date":"2010-07-01T08:45:57","date_gmt":"2010-07-01T12:45:57","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10699"},"modified":"2010-07-01T08:45:57","modified_gmt":"2010-07-01T12:45:57","slug":"nzdusd-bullish-correction-may-be-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/01\/nzdusd-bullish-correction-may-be-in-the-making\/","title":{"rendered":"NZD\/USD Bullish Correction May BE in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; The  NZD has dropped significantly versus the USD in the past several days,  and it is currently traded around 0.6805. And now as evident in the data  below, the 8-hour chart is giving bullish signals, indicating that  NZD\/USD pair might go up. Forex traders can take advantage of this  impending movement by having their Entry Orders in place to capture this  reversal.<\/p>\n<p>\u2022\tBelow is the 8-hour chart of the  NZD\/USD currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent  Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bullish cross, signaling  that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: Point 1: The Relative Strength Index (RSI) indicates that  the price of this cross currently floats in the oversold territory,  signaling upward pressure.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Ranges is showing that this pair is  heavily over-sold and may be experiencing strong upward pressure.<\/p>\n<p><strong>NZD\/USD 8-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/NZD-USD-1-7-20101.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/NZD-USD-1-7-20101.JPG\" alt=\"\" width=\"473\" height=\"648\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                    Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                    may not be suitable for all investors. There is a         possibility      that     you   could sustain a loss of all of your         investment and      therefore  you     should  not invest money  that   you      cannot afford to      lose. You  should  be    aware of   all   the    risks   associated with   Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The NZD has dropped significantly versus the USD in the past several days, and it is currently traded around 0.6805. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that NZD\/USD pair might go up. Forex traders can take advantage of this impending movement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/01\/nzdusd-bullish-correction-may-be-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NZD\/USD Bullish Correction May BE in the Making&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10699","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10699"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}