{"id":23516,"date":"2011-02-16T04:54:28","date_gmt":"2011-02-16T08:54:28","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13240"},"modified":"2011-02-16T04:54:28","modified_gmt":"2011-02-16T08:54:28","slug":"potential-reversal-for-nzdusd-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/16\/potential-reversal-for-nzdusd-2\/","title":{"rendered":"Potential Reversal for NZD\/USD"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/12.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>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<p><span id=\"more-13240\"><\/span>\u2022\tBelow is the daily 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 that are used are the William Percent Range, <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI)<\/a>, and <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic<\/a>.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\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<p>\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<p>NZD\/USD Daily Chart<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/02\/NZD-USD-16-2-2011.JPG\" alt=\"NZD-USD 16-2-2011\" width=\"533\" height=\"648\" class=\"alignnone size-full wp-image-13241\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 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 ca&#8230;<\/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-23516","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23516","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=23516"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23516\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}