Technical Analysis – EURNZD finds wall at 10-year top; looks overbought
The red Tenkan-sen line, remains well above the blue Kijun-sen and the RSI is currently flirting with overbought levels, while the stochastic is turning lower into the positive area after the bearish cross within the %K and %D lines, which exited the overbought region.
A pull back may meet immediate support around the 1.8990 barrier, while lower the bears could try to overcome the 38.2% Fibonacci of 1.8660, which overlaps with the Ichimoku cloud. Should the price retreat under the latter level, the 50.0% Fibonacci of 1.8275 could come under speculation.
In the positive scenario, the pair could improve above the 23.6% Fibo to challenge a stronger resistance around the 1.9600 handle, reached in 2011. The ten-year high of 1.9922, however which strictly capped the bullish action today, remains the big highlight of the next few sessions.
Meanwhile, in the medium-term picture, the situation seems to be getting more interesting as the 50-day SMA and the 200-day SMA posted a golden cross. Should the lines continue their intersection and keep a large distance, the positive outlook may turn even brighter.免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
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