Probable upcoming sells of the Kiwi (NZD)

05.12.2018 / 13:50

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NZDUSD forex technical analysis | Our expectations:

Correction of the downtrend to key levels 50% Fibonacci and formed pin bar allows to look for short positions with SL 0.7002.

DeM Sequential has counted up to 12, probably not reaching the 13th signal for short, but the sentiment seems to be tilting to short with the NZD.

Bearish divergence DeM (14) and price - higher top of the price and lower one of the indicator - strong signal for likely reversal of short-term upward movement.

The price is quite distant from the Ichimoku cloud, which in this case is likely to affect the price of pulling toward the cloud of the indicator.

Alternative scenario: Breaking the price over the shadow of the pin bar can turn the moods to bullish.

Trader Nikolay Georgiev

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Probable upcoming sells of the Kiwi (NZD)

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