Forex Trade Set Ups - 15th July 2024

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

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