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Message: [QUOTE="Resolve, post: 237101, member: 29339"] [B][SIZE=5]NZDUSD Technical Analysis – 30th SEP, 2024 NZDUSD – Bearish Trend Reversal Pattern[/SIZE][/B] [img]https://i.imgur.com/uA3S6qF.png[/img] NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6375 the prices started to decline against the United States Dollar today in the US Trading session. The Bearish trend reversal: Moving Average 100 is visible in the 15-minutes timeframe. We can also see Bearish trend reversal: Moving Average 20 in the 30-minutes timeframe. We can see Bearish trend reversal: adaptative moving average 50 in the 30-minutes timeframe. The Parabolic SAR indicator bearish reversal is visible in the 1-hourly timeframe. We can detect MACD indicator: bearish divergence in the 1-hourly timeframe. The MACD crosses DOWN its Moving Average in the 2-hourly timeframe. The prices of NZDUSD are ranging Near horizontal resistance in the weekly timeframe. NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Kiwi Bearish reversal seen below the 0.6375 mark. • Short-term range appears to be Bearish. • NZDUSD continues to remain above the 0.6340 levels. • Average true range ATR is indicating High market volatility. The next support is located at 0.6334 which is a Pivot Point. NZDUSD is now trading below its Pivot levels of 0.6374 and is moving into a Bearish channel. The price of NZDUSD remains below its Classic support levels of 0.6361 and is now moving towards its next target of 0.6315 which is a 14-3 Day Raw Stochastic at 80%. [I][B]Disclaimer:[/B] This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.[/I] [B][URL="https://fxopen.com/blog/en/?utm_source=earnforexforum&utm_medium=ownanalysis&utm_campaign=resolve"]For in-depth analysis, please check FXOpen Blog[/URL][/B] [/QUOTE]

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