NZDUSD Pivot Points Analysis - bearish rally to be continuing

NZDUSD Pivot Points Analysis - bearish rally to be continuing

13 October 2015, 18:11
Sergey Golubev
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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

InstrumentS2 Pivot
S1 Pivot
Yearly PP
R1 Pivot
NZD/USD 0.6819
0.7256
0.8045
0.8482

Trend:

  • W1 - bearish rally
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