Technical view:
* A/D ratio is descending - accumulation is slowing down and we have a big divergence with the price level;
* Money flows are starting to turn south, as the capital outflow is following the A/D contraction;
* CM top/bottom indicator is in extreme top zone (overbought);
Fundamental view:
* Covid - 19 situation in New Zealand is somewhat under control, as meassures are being taken and followed by the public;
* Although both the NZD and USD interest rates are in par, the economies of the both countries are still experiencing a sluggish recovery;
* USD's demand starting to slowly pick up;
Possible short outcome towards the lower trend line and if: a break there, we may see the price fall towards the marked area, or a good bounce up back inside the overall uptrend.
* A/D ratio is descending - accumulation is slowing down and we have a big divergence with the price level;
* Money flows are starting to turn south, as the capital outflow is following the A/D contraction;
* CM top/bottom indicator is in extreme top zone (overbought);
Fundamental view:
* Covid - 19 situation in New Zealand is somewhat under control, as meassures are being taken and followed by the public;
* Although both the NZD and USD interest rates are in par, the economies of the both countries are still experiencing a sluggish recovery;
* USD's demand starting to slowly pick up;
Possible short outcome towards the lower trend line and if: a break there, we may see the price fall towards the marked area, or a good bounce up back inside the overall uptrend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.