{"id":17328,"date":"2010-12-28T08:24:41","date_gmt":"2010-12-28T13:24:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17328"},"modified":"2010-12-28T08:24:41","modified_gmt":"2010-12-28T13:24:41","slug":"technical-analysis-provide-bullish-signals-for-nzdusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/28\/technical-analysis-provide-bullish-signals-for-nzdusd\/","title":{"rendered":"Technical Analysis Provide Bullish Signals for NZD\/USD"},"content":{"rendered":"

By Yan Petters<\/p>\n

The NZD\/USD has recently recovered from a 3-month low, trading as low as the 0.7340 level but failed several times to breach below this price. However, over the past weeks, the pair began to correct these losses and is currently trading near the 0.7525 level. In addition, bullish signals on the 8-hour chart suggest that the pair\u2019s uptrend is likely to proceed.<\/p>\n

\u2022 The chart below is the NZD\/USD 8-hour chart.
\n\u2022 It can be seen that a bullish channel<\/a> has formed after the pair recovered from a 3-month low.
\n\u2022 The pair is currently floating in the midst of the channel, suggesting that the bullish momentum has more steam in it.
\n\u2022 In addition, a bullish cross took place on the Slow Stochastic<\/a>, also indicating that the bullish move has more room to go.
\n\u2022 Another bullish signal comes from the MACD<\/a> which continues to point upwards and is currently floating near the 0.00 line. Potentially, the MACD can reach as high as the 0.10 level, and the pair is likely to follow it.
\n\u2022 The next resistance<\/a> levels are located at the 0.7575, 0.7630 and 0.7665 levels.
\n\u2022 The next support<\/a> levels are at: 0.7460, 0.7405 and 0.7340.<\/p>\n

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

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em>
\n<\/a><\/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":"

The NZD\/USD has recently recovered from a 3-month low, trading as low as the 0.7340 level but failed several times to breach below this price. However, over the past weeks, the pair began to correct these losses and is currently trading near <\/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-17328","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17328","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=17328"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17328\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}