dhoover

Price Action Signs of Reversal

Short
FX:EURNZD   Euro / New Zealand Dollar
1
Short run double top tests resistance (blue) at 1.5810. Dojis form between the 50% and 61.8% retracement from previous June high.

Stochastics do not clearly confirm, though the indicator crossed over the 80 threshold the last time this level was reached. Can we chalk up the current non-signal to the noise of the past week?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.