Jnwsk
Short

NZDUSD ANALYSIS WEEK OF JULY 24, 2016

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Weekly:
Price is in a nice uptrend. Price is in a pullback phase.

Daily:
Price has reached a major support at 0.70000. There were multiple rejections of price. Seeing this seems like price is in a good buying area especially looking at the last two closing candles.

4 Hour:
I see a potential Head and Shoulders pattern for its continuation down to the trendline support. A good area to look at to long would be between 0.69500 - 0.70000.
If eager to short the potential right shoulder formation I would look between the price area of 0.72000 - 0.725000. Safest route would be to short at the break of neckline. If price breaks through the neckline a good TP would be around 0.66500 which is also the next buying opportunity for the long term approach.

Wishing everyone a good trading week!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out