{"id":19491,"date":"2011-02-16T08:55:53","date_gmt":"2011-02-16T13:55:53","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19491"},"modified":"2011-02-16T08:55:53","modified_gmt":"2011-02-16T13:55:53","slug":"potential-reversal-for-nzdusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/16\/potential-reversal-for-nzdusd\/","title":{"rendered":"Potential Reversal for NZD\/USD"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

The NZD has dropped significantly versus the USD in the past 2 weeks, and it is currently traded around 0.7540. And now as evident in the data below, the daily 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

\u2022\tBelow is the daily chart of the NZD\/USD <\/a>currency pair.<\/p>\n

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

\u2022\tPoint 1: The Slow Stochastic indicates an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n

\u2022\tPoint 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.<\/p>\n

\u2022\tPoint 3: The Williams Percent Range has peaked near at the -100 marker, which means that there may actually be a strong level of upward pressure.<\/p>\n

NZD\/USD Daily Chart
\n\"NZD-USD<\/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 has dropped significantly versus the USD in the past 2 weeks, and it is currently traded around 0.7540. And now as evident in the data below, the daily chart is giving bullish signals, indicating that NZD\/USD pair might go up. <\/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-19491","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19491","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=19491"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19491\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}