NZDUSD Analysis: Rising GDT index bullish for NZDUSD

May 20, 2020

By IFCMarkets

Rising GDT index bullish for NZDUSD

The GDT price index rose: it rose 1% after 0.8% decrease two weeks ago. The rising average price of the 9 dairy products indicates increase in export income, this is bullish for NZDUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.6133
Stop lossBelow 0.6083

Market Analysis provided by IFCMarkets