Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

NZDUSD barely has a heartbeat

A.R Chowdhury by A.R Chowdhury
September 13, 2021
Reading Time: 2 mins read
0
NZDUSD barely has a heartbeat

25 pip trading range for the NZDUSD

The NZDUSD barely has a heartbeat in trading today. The low to high trading ranges only 25 pips that compares to a 22 day average of 61 pips (around a month of trading). The lows reached 0.7096. The high price extended to 0.7122. That took out the Asian session high of 0.7120, but only by two pips.

25 pip trading range for bthe NZDUSD

In between those levels sits the near converged 100 and 200 hour moving averages at 0.7110. The current price is trading at 0.71099.

The “patient” is still alive but with a very faint heartbeat.

The good news is that in trading, the “patient” doesn’t die.  In fact, the non-trends nature of the current market tends to lead to a more vibrant trending market as traders decide which way is the next shove.  

As a result, simply be aware of the next “shove”, and look for momentum on the break.   

On the upside, a bullish clue would be on a break above the 0.7125 (and stay above), followed by a rotation toward the 0.71523 level (and above that level).  

On the downside, getting below 0.70964 would be a step one in the bearish direction, followed by a break of the 100 day moving average at 0.70755.  

Recall from last week, that 100 day moving average did stall the fall on Wednesday not once, but twice.  On Thursday, the 200 hour moving average held support ahead of the 100 day moving average.   Getting below the 100 day moving average and staying below would be a bearish shove.

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
AUDUSD tests the 100 hour MA after bouncing off the 38.2% retracement

AUDUSD tests the 100 hour MA after bouncing off the 38.2% retracement

USDCAD trades back below 100 hour MA

USDCAD trades back below 100 hour MA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

EUR/USD keeping above 1.1700 on softer dollar so far on the day

August 23, 2021

USDJPY moves to new highs helped by rise in yields

August 25, 2021

US stocks tumble. Major indices have worst day since June (for S&P and Dow) and March (for Nasdaq)

September 3, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.