Daily Market Analysis 26 Aug 2022

Daily Market Analysis 26 Aug 2022

  • Market News
  • Daily Market News
  • 2022, 26 August

NZD/USD

On the daily chart, the NZD/USD is slightly bearish to sideways. The price after falling continuously from last five-days, broke its previous swing low (0.6230), & now is facing resistance. If the price started to go below (0.6165), we can enter in a sell trade.

 

Technical Indicators
Action
RSI (44)
SELL
Oscillator (16)
SELL
MACD (Below Midline)
SELL
200 EMA (0.6577)
SELL


Strategy


Scenario 1
Scenario 2
Action
Sell
Sell
Entry
0.6210
0.6200
Target 1
0.6180
0.6170
Target 2
0.6150
0.6140
Stop Loss
0.6240
0.6230


Key Signposts

NZD: No key data

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