Technical analytics

NZDUSD market technical outlook

NZDUSD

Analysis method - “Trend Potential”

October 18, 2018


Daily chart:

The major continues flat around the area of middle Bollinger band (0.6555) on background of weak ADX. At the same time, bears have advantage in position for new decline in direction of lower Bollinger band (0.6407), since lower bands were broken before.


H1-chart:

We note flat intraday channel within Bollinger bands (0.6534-0.6577), where, quite likely, the whole today’s session will pass.


Expectations:

Flat in the 0.6534-0.6577 range.

Trading recommendations:

Trading inside the 0.6534-0.6577 channel.

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