{"id":11598,"date":"2010-07-30T09:01:37","date_gmt":"2010-07-30T13:01:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11598"},"modified":"2010-07-30T09:01:37","modified_gmt":"2010-07-30T13:01:37","slug":"audnzd-bearish-correction-may-be-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/30\/audnzd-bearish-correction-may-be-in-the-making\/","title":{"rendered":"AUD\/NZD Bearish Correction May be in the Making"},"content":{"rendered":"

By Anton Eljwizat <\/strong>– The volatile of the AUD\/NZD <\/a>pair continues to be affected by the volatile forex market. The last two days have seen a lot of bullish strength in the AUD\/NZD <\/a>pair. However, as I demonstrated below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish correction could be underway soon. This might be a good opportunity for forex traders to enter the trend at a very early stage and at a great entry price.<\/p>\n

\u2022 Below is the 8-hour chart of the AUD\/NZD <\/a>currency pair.<\/p>\n

\u2022 The technical indicators that are used are the Relative Strength Index <\/a>(RSI) and Slow Stochastic<\/a>.<\/p>\n

\u2022 Point 1: There is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/p>\n

\u2022 Point 2: The Slow Stochastic <\/a>indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n

\u2022 Point 3: The Relative Strength Index (RSI)<\/a> indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n

AUD\/NZD 8-Hour Chart<\/p>\n

\"\"<\/a><\/p>\n

Forex <\/strong>Market Analysis<\/a> provided by Forex Yard.<\/a><\/span><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

By Anton Eljwizat – The volatile of the AUD\/NZD pair continues to be affected by the volatile forex market. The last two days have seen a lot of bullish strength in the AUD\/NZD pair. However, as I demonstrated below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish … <\/p>\n

Continue reading “AUD\/NZD Bearish Correction May be in the Making”<\/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-11598","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11598","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=11598"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11598\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}