NZDUSD long is coming soon

٨ مارس ٢٠١٦

With an overall bullish picture on daily chart we have a divergence with MACD and an oversold Stoch RSI. The plain RSI, however, has just crossed 50 from above, so we've got a little problem here. But this may be due to the short-term overbought condition (better observed on 4h charts) and a formation of a temporary top as a consequence.

I'll be waiting for 1h MACD to start picking up bullish momentum with a price rising from around 0.67 again to jump in a long trade till 0.69 or so.

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Vladimir Vereshchak | Making People Wealthier!