AaronLeggett
Short

NZDUSD - Short to 0.72000

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Nice simple analysis here - I'd advise getting on it quick as NZDUSD             will melt downwards! We've got a nice fibonacci retracement drawn from previous highs and the current lows. The overall market sentiment looked like it was producing a bearish flag but the fundamental data reversed the trend which saw the price spike up to the 0.382 fib level. However, the price met confluence with the SMA level and is now in the process of correcting itself back on it's way down. For now, lets aim for the previous two low prices as our target at 0.72000 - which brings in a hefty amount of pips on a nice 2.5 R:R.
Damn fundamentals!
Reply
Anyone following my trade here, watch for the bounce up to the 0.236 line; we're currently trading at 0.73010 but don't take profit yet, I feel overnight a test of the resistance line will occur and then the price will start tumbling!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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