NZD Weekly of 8/20/2017
Updated
1. Week of 8/20/2017 / NZDUSD
a. Weekly price action we have formed a HAMMER on the Weekly Chart the tested the 18 EMA. This price action signals more upward momentum. We are currently trying to break through Monthly Resistance. Last Week we saw a counter trend line break on the 4 hour with a Morning Star Action and a bullish engulfing. EMAs on the 4 hour crossed up as well. Would like to see a daily candle close above the 8 EMA for an additional confirmation of the bullish trend continuation.
a. Weekly price action we have formed a HAMMER on the Weekly Chart the tested the 18 EMA. This price action signals more upward momentum. We are currently trying to break through Monthly Resistance. Last Week we saw a counter trend line break on the 4 hour with a Morning Star Action and a bullish engulfing. EMAs on the 4 hour crossed up as well. Would like to see a daily candle close above the 8 EMA for an additional confirmation of the bullish trend continuation.
Note
additionally watching to see how 0.73100 is treaded to determine next trading oppurtuntiy
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