Technical analysis prediction for the 1st of October 2018

Instrument ; Nzd usd

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

speculative position ; short position

price prediction ; 0.6400


weekly chart


Daily chart



Nzd usd mkt trend is strongly bearish bias and technical view on the weekly chart suggest likely continuation downtrend as long term speculation remains bearish bias, Ema signal is downtrend, Rsi (29.99), Macd signal is downtrend while on the daily chart view, the currency pair remain biased downtrend and in coming months i expect further weakness likely towards 0.6400 level , Ema signal is downtrend, Rsi (27.70), Macd signal downtrend and prediction for the 1st of October 2018 is 0.6400
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