NZDUSD Analysis: Rising GDT index bullish for NZDUSD

May 20, 2020

By IFCMarkets

Rising GDT index bullish for NZDUSD

The GDT price index rose: it rose 1% after 0.8% decrease two weeks ago. The rising average price of the 9 dairy products indicates increase in export income, this is bullish for NZDUSD.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 0.6133
Stop loss Below 0.6083

Market Analysis provided by IFCMarkets


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