{"id":285086,"date":"2024-04-18T03:55:24","date_gmt":"2024-04-17T22:25:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=285086"},"modified":"2024-04-18T03:55:24","modified_gmt":"2024-04-17T22:25:24","slug":"downward-trend-likely-to-continue-despite-indicators-recovering-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/downward-trend-likely-to-continue-despite-indicators-recovering-crypto-news\/","title":{"rendered":"Downward trend likely to continue despite indicators recovering &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>The RSI on the daily chart lies deep in negative terrain but recovered.<\/strong><\/li>\n<li><strong>The hourly RSI paints a growing buying momentum, trending the positive territory.<\/strong><\/li>\n<li><strong>The MACD on both charts signals a less intense selling momentum.<\/strong><\/li>\n<\/ul>\n<p>The NZD\/USD stands recovered to 0.5919, it seeing 0.60% gains. The dominant sentiment remains bearish, subtly dominated by sellers due to the consistent positioning beneath key Simple Moving Averages (SMAs). However, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/indicators\" data-fxs-autoanchor=\"\">indicators<\/a> on the daily and hourly charts\u00a0seem to be recovering.<\/p>\n<p>On the daily chart, the Relative Strength Index (RSI) demonstrates a negative sentiment as it continues an under-50 trend. Although there was a slight uptick from the recent low point seen on Monday, the RSI remains in deep in negative territory. Moreover, the Moving Average Convergence Divergence (MACD) displays falling red bars, reinforcing a weakening bearish momentum.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD daily chart<\/h2>\n<\/p>\n<p>The hourly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a> presents an interesting contrast. Here, recent RSI readings consistently float above 50, marking a positive territory. The latest reading is 57, revealing that buyers are taking the reins on the hourly scale. The MACD histogram echoes the buying momentum printing rising green bars.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD hourly chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_NZD_USD_2024-04-17_18-20-16-638489856478813615.png\" style=\"width: 1675px;height: 718px\" \/><\/p>\n<p>Upon examining the long-term trend, it becomes apparent that the NZD\/USD exhibits bearish momentum as it slots below the 20-day, 100-day, and 200-day Simple Moving Average (SMA) indicators. So any movements which keeps the pair beneath these levels shouldn&#8217;t be considered as a clear buying signal.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The RSI on the daily chart lies deep in negative terrain but recovered. The hourly RSI paints a growing buying momentum, trending the positive territory. The MACD on both charts signals a less intense selling momentum. The NZD\/USD stands recovered to 0.5919, it seeing 0.60% gains. The dominant sentiment remains bearish, subtly dominated by sellers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,715,252,247,253,249,308,256,254],"class_list":["post-285086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=285086"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285086\/revisions"}],"predecessor-version":[{"id":285088,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285086\/revisions\/285088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7182"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=285086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=285086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=285086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}