On the D1 chart of NZD/USD, the bottom of the falling channel has been broken out of the current trend. The MACD indicator bears volume continues to break above the signal line. RVI has now formed a death cross and can start shorting.
The H1 chart also shows that the descending channel was broken. ADX indicator -DI is above +DI and ADX shows very strong short volume. The MACD indicator bear trade is also very strong. The RSI indicator is currently in favor of continuing to push prices lower.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
