Trade Set Ups - 15th July 2024
All Trade Set Ups Are Analysed Using 1hour, 4hour & 1 Day Time Frame
In this email:
NZD/HKD
NZD/HKD Set Ups 💰
The daily chart shows a strong downtrend, with prices below the 180-day average. The RSI is under 50, showing bearish strength. The MACD is also negative.
The 4-hour chart confirms this trend, with prices below the 15 and 180-period averages. RSI and MACD are both bearish.
On the 1-hour chart, prices stay below the averages, and the RSI and MACD indicate strong bearish momentum.
This pair have a bearish trend over the long term supported by all the indicators I use