Forex Trading, Free Forex Tools, Forex Investment, Currency Trading, Forex Tips and Resources » Expected http://www.forextradingexpress.com Free Forex Online Resources, Currency Trading, Forex Trading, Forex Broker, Forex Trading Tutorial, Forex Rates, Currency Trading Tutorial, Forex Trading Training, Forex Converter, Forex Calculator, Forex Charts, Forex Market, Forex Rates, Forex Trader Sat, 27 Mar 2010 13:36:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 NZD/USD Expected to Rebound Today http://www.forextradingexpress.com/forex-trading/nzdusd-expected-to-rebound-today/ http://www.forextradingexpress.com/forex-trading/nzdusd-expected-to-rebound-today/#comments Fri, 27 Nov 2009 14:26:38 +0000 admin http://www.forextradingexpress.com/?p=118 The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the NZD/USD may very well be heading for a reversal. Forex traders can take advantage of this imminent downward movement by entering short positions at an excellent entry price.

• The technical indicators used are the Slow Stochastic, MACD, and Relative Strength Index (RSI).

• Point 1: The Relative Strength Index (RSI) signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure.

• Point 2: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.

• Point 3: The MACD indicates an impending bullish cross, which may signal an upward movement is going to occur in the near future.

NZD/USD 4-Hour Chart
NZDUSD

source:  forexyard.com

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