2013.11.28 | NZDUSD Market Analysis
NZDUSD Trends & Fibonacci Retracement Levels
The NZDUSD currency pair has been rising slightly in forex market trading today with the NZDUSD registering a high of 0.81741 and a low of 0.81268 on the day. Trends data shows the pair is currently in a short-term downtrendwith prices trading under our 21 period linear short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend with prices trading just above the 50% retracement level at 0.8128.
NZDUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -212.7 pips
30-day current trend is BEARISH / Trend strength of -244.4 pips
60-day current trend is BULLISH / Trend strength of 99.3 pips
90-day current trend is BULLISH / Trend strength of 484.2 pips
180-day current trend is BEARISH / Trend strength of -72.5 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 0.85410
— 0.236 – 0.83464
— 0.382 – 0.82260
— 0.500 – 0.81286
— 0.618 – 0.80313
— 0.764 – 0.79109
— 1.000 – 0.77163
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
