Technical analysis prediction for the 1st of august 2018

Instrument ; Nzd usd

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; short position

price prediction ; 0.6800


weekly chart


Daily chart



Nzd usd mkt trend is strongly bearish bias and on the weekly chart technical view, the currency pair is likely to continue downtrend as long term outlook remains bearish bias, Ema signal is downtrend, Rsi (40.92), Macd signal is downtrend while on the daily chart view the currency pair remains bearish bias and i expect price to continue downtrend probably towards 0.6800 level, Ema signal is downtrend, Rsi (42.29), Macd signal is downtrend and prediction for the 1st of august 2018 is 0.6800
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