Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Daily Forex Update: NZD/USD

ByAutoChartist
Published 11/29/2013, 01:55 AM
Updated 03/09/2019, 08:30 AM

NZD/USD recently broke the “neckline” of the Head and Shoulders chart pattern that was earlier identified by Autochartist on the daily charts – as you can see from the following trade opportunity alert for this currency pair. NZD/USD is expected to fall to the target level 0.8073 in the next 2 trading days. The stop-level for this forecast is set by Autochartist at 0.8416 (the top of the right “shoulder” of this chart pattern). The daily downward-sloping moving average as well as the Volatility Analysis shown on the second chart below – both confirm this forecast.
NZD/USD
As you can see from the following Volatility Analysis chart for NZD/USD, the lower border of the daily Expected Price Range calculated for this currency pair (0.8061) stands below the target level given in the above trade opportunity alert (0.8073) – which increases the probability the pair will continue to fall toward 0.8073 tomorrow.
Expected

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.