
NZDUSD Pivot Points Analysis - bearish rally to be continuing
13 October 2015, 18:11

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W1 price is located to be below yearly Central Pivot at 0.8045 and below S2 Pivot at 0.6819:
- the price is on bearish market condition for the secondary bear market rally which was started in the middle of September this year;
- ascending triangle pattern was formed by the price for the secondary rally to be continuing;
- price is trying to cross S2 Pivot at 0.6819 from below to above for the rally.
MT4 планшет, темплата Blog12_w1_pivot
Instrument | S2 Pivot | S1 Pivot | Yearly PP | R1 Pivot |
---|---|---|---|---|
NZD/USD | 0.6819 | 0.7256 |
0.8045 |
0.8482 |
Trend:
- W1 - bearish rally