Education
/
Stock Ideas

NZDUSD bullish technical and news sentiment alert

By

Gary Christie

on

June 22, 2020

NZD/USD showing reversal signals in sentiment and price action.

Using the "TC Market Buzz" and "technical Insight" research tools, we have identified a bullish signal in the NZD/USD pair.

TC Market Buzz has identified above average news volume over the last 24 hours. The orientation of the news headlines is signaling a bullish sentiment score of 0.85 (-1 being negative and +1 being the most bullish) with an above average confidence index reading to back up the sentiment score.

Discover more about Buzz!

The NZD/USD has also confirmed an "Outside Bar" price pattern which tells us the selling pressure is starting to weaken. An Outside Bar (Bullish) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.

Learn more about Technical Insight!

The investment ideas presented here are for information only.  They do not constitute advice or a recommendation by Trading Central in respect of the investment in financial instruments. Investors should conduct further research before investing. Learn more.

Gary Christie

Head of North American Research
Gary has over 15 years in financial markets. Prior to joining TC, he served as an equity & derivatives specialist with TD Bank and Bank of America. Gary is regularly quoted in Bloomberg News, conducts many education and market outlook webinars for investment institutions all over the world and has been a guest speaker at the New York Traders Expo.
powered by Typeform

You may also like...

Subscribe to our newsletter!