Daily Forex Chart Art - Oct. 27, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/NZD: 1-hour Is that a bearish flag I’m seeing on EUR/NZD’s 1-hour forex chart? The downtrend has been going on for quite some time, showing that euro bears are feeling pumped up and might be strong enough to push for a downside break of the short-term consolidation pattern. If so, the pair could fall by around 600 pips, which is the same height as the mast of the bearish flag. The 100 SMA is below the 200 SMA anyway so the selloff is likely to carry on. However, stochastic is heading

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