Sforex

Kiwi: Short term squeeze is understandable

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
170 0 1
We see that Kiwi is under suffer cause of the rate cut decision of RBNZ, and they said that they could cut more if necessary. This means Kiwi could return downtrend anytime, while the long position of USD is not dead, there still has more room for greenback to go up.

However, NZDUSD             have had a long time in oversell zone, and a short term squeeze is undersrandable.

The question is where we re-enter the SELL.

Look at on the chart:

23% Fib retracement is at 0.7025

RSI indicator: Resistance is at 46.32

Stoch indicator: Resistance is a 45.2

When I see NZDUSD             retraces to 0.7025 and RSI + Stoch test their resistance, I will come back the SELL.

I will place a SELL limit order of NZDUSD             at 0.7025 , take profit 0.6800, stop loss at 0.7180

----------------

Any contact: LH admin: admin@trackingforexsignals.com
Support: support@trackingforexsignals.com

Website: http://www.trackingforexsignals.com
FB             page: https://www.facebook.com/sforexsingals

Best Regard!

- -TrackingForexSignals.com--

Do the Right thing- Think the right way.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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