Forecast by Marius Ghisea – NZD/USD (August 22-26)

The NZD/USD currency pair is into a range between 0.7345 and 0.7155, according to the daily chart. If the price reaches EMA50 (0.7124), this is a confirmation that a downtrend will start. The stochastic oscillator indicates also that this currency pair may fall in the medium long term.

NZDUSDdaily-page-001 (1)

The MACD indicates a downtrend on the 8 hour chart. If the price breaks out of its range at 0.7205 where is the exit from the trendline, the NZD/USD pair will fall.

NZDUSDh8-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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