{"id":16931,"date":"2010-12-16T09:36:41","date_gmt":"2010-12-16T14:36:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16931"},"modified":"2010-12-16T09:36:41","modified_gmt":"2010-12-16T14:36:41","slug":"audnzd-uptrend-might-be-near-the-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/16\/audnzd-uptrend-might-be-near-the-end\/","title":{"rendered":"AUD\/NZD Uptrend Might be Near the End"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>In the last three weeks trading, the<a href=\"http:\/\/www.forexyard.com\/en\/trading\/aud-nzd\"> AUD\/NZD <\/a>experienced  much bullishness, as it stands now at 1.3400. However as I demonstrate  below, it seems that the pair\u2019s bullish run may have run of steam, and a  bearish correction could be underway soon. Forex traders can take  advantage of this imminent downward movement by entering short positions  at an excellent entry price.<\/p>\n<p>\u2022\tBelow is the 8-hour chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/aud-nzd\">AUD\/NZD <\/a>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 bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Range also supports the downward direction.<\/p>\n<p>AUD\/NZD 8-Hour chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/AUD-NZD.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/AUD-NZD.JPG\" alt=\"\" width=\"509\" height=\"652\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/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>In the last three weeks trading, the AUD\/NZD experienced much bullishness, as it stands now at 1.3400. However as I demonstrate below, it seems that the pair\u2019s bullish run<\/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-16931","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16931","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=16931"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16931\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}