2013.12.05 | NZDUSD Market Analysis
NZDUSD Trends & Fibonacci Retracement Levels
The NZDUSD currency pair has been virtually unchanged in forex market trading today with the NZDUSD registering a high of 0.82254 and reaching to a low of 0.81771 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Watch for the 0.8250 level (38.2% fibo area) to provide some overhead resistance while downward action through our short-term MA will open a retest of the 50% retracement area below.
NZDUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 7.4 pips
30-day current trend is BEARISH / Trend strength of -147.2 pips
60-day current trend is BEARISH / Trend strength of -85.0 pips
90-day current trend is BULLISH / Trend strength of 447.0 pips
180-day current trend is BEARISH / Trend strength of -34.4 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.
