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 moved back toward moving averages in the middle of the trading range

A.R Chowdhury by A.R Chowdhury
September 10, 2021
Reading Time: 1 min read
0
NZDUSD moved back toward moving averages in the middle of the trading range

The 100 hour moving average and 200 day moving average are convergent 0.7114

The NZDUSD has been rotating back to the downside after an attempt to get above Tuesday’s high at 0.71523 failed.  The pair was higher earlier in the day as stocks opened with solid gains, but those gains were eroded and the prices started to move back down.

The 100 hour moving average and 200 day moving average are convergent 0.7114

The pairs price is approaching the 100 hour moving average and 200 day moving average which are both at the 0.7114 level. Below that the 200 hour moving average comes in at 0.71037. Earlier today, the price did dip below the 200 hour moving average (in the Asian session), but selling dried up and the price quickly rebounded.

For the week, the low was set on Wednesday near the 100 day moving average and the rising 200 hour moving average (green line). At that time, those moving averages were near 0.7076. Buyers leaned against the level and based against the 200 hour moving average on Thursday before moving higher.

The price has traded between 0.7076 and 0.7169 since September 2. At some point, the price will break out of the range seen since that time.

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
EURUSD retraces its earlier gains. Trades to a new session low.

EURUSD retraces its earlier gains. Trades to a new session low.

Stock selling intensifies into the close

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

The USDJPY trades between its 100 and 200 hour moving average

July 17, 2020

It’s the S&P’s and Dow’s turn to make new highs

August 21, 2020

USDJPY trades between hourly moving averages in a down and up day

May 14, 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
  • EURGBP erases gains and returns to a familiar bias defining level

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

    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.