NZDUSD Bias Is Still Bearish | IFCM
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NZDUSD Bias Is Still Bearish

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The NZDUSD,D1 price forecast in our August 11, 2020 technical analysis was bearish.

  • Market data after NZDUSD,D1 August 11, 2020 technical analysis still indicate bearish bias.
  1. NZDUSD,D1 closed 0.7% lower on Friday August 14, 2020.
  2. The Business NZ Performance of Services Index in New Zealand remained unchanged from the previous month in July when an increase was expected.

Here is what indicators show as of August 17, 2020:

  • The Parabolic Indicator gives a bearish signal.
  • The Donchian channel indicates no trend: it is flat.
  • The MACD indicator gives a bearish signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give a bearish signal.
  • The MA(200) Indicator gives a bullish signal.

So the bearish forecast still stands for the NZDUSD,D1 .

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