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A bear flag will look like an inverted bull flag. In a downtrend a bear flag will highlight a slow consolidation higher after an aggressive move lower. This suggests more selling enthusiasm on the move down than on the move up and alludes to the momentum … NZD/USD Forecast: Bear Flag Takes Shape, RSI Retains Bearish Formation. NZD/USD fails to extend the recent series of higher highs and lows even though US lawmakers agree on a $2T fiscal stimulus package to combat the coronavirus, and the exchange rate may consolidate over the remainder of the month as a bear-flag formation takes shape.
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USD/JPY feels the pull of gravity as risk sentiment weakens on coronavirus concerns. Deeper losses look likely, as the 4-hour chart shows a bear flag breakdown. The anti-risk Japanese yen is