{"id":12077,"date":"2010-08-16T09:35:07","date_gmt":"2010-08-16T13:35:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12077"},"modified":"2010-08-16T09:35:07","modified_gmt":"2010-08-16T13:35:07","slug":"nzdusd-downtrend-might-be-at-its-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/16\/nzdusd-downtrend-might-be-at-its-end\/","title":{"rendered":"NZD\/USD Downtrend might be at Its End"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; The <a href=\"http:\/\/www.forexyard.com\/en\/trading\/nzd-usd\">NZD\/USD <\/a>pair  has experienced much bearishness in the last few days as it currently  trades at 0.7030. The current bearish trend is expected to come to an  end anytime soon, and a bullish correction may be in the making. I will  illustrate below that the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/nzd-usd\">NZD\/USD <\/a>may very well be heading for a reversal. Traders are strongly advised to take advantage of the trend at an early stage.<\/p>\n<p>\u2022\tBelow is the 8 hour chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/nzd-usd\">NZD\/USD <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators used are the <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic<\/a>, Williams Percent Ranges, and <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI).<\/a><\/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 <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic <\/a>indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: The <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI)<\/a> signals that the price of this pair currently floats in the over-sold territory, suggesting upward pressure.<\/p>\n<p>\u2022\tPoint 4: William Percents Range also supports the upward direction.<\/p>\n<p>\u2022\tThe volatile downward movement which occurred prior to this upward  correction has generated these indicators, and there appears to be room  for this correction to continue.<\/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\/08\/NZD-USD-16-8.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/NZD-USD-16-8.JPG\" alt=\"\" width=\"468\" height=\"589\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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\/USD pair has experienced much bearishness in the last few days as it currently trades at 0.7030. The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the NZD\/USD may very well be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/16\/nzdusd-downtrend-might-be-at-its-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NZD\/USD Downtrend might be at Its End&#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-12077","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12077","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=12077"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12077\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}