Investor.Unity
Long

NZDUSD Daily Price Action Analysis 08/20/14

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
183 0 0
This pair is currently in a key support area . As can be seen in the chart, it is clear that this pair is in an uptrend. And because it is currently in a support area , we might see a price reversal here from the recent down move to a continuation of the price going up. Although the recent strong move here is down, I'm still bullish with this pair and will still look for an opportunity to go long. This support area might hold or could be broken. We need to wait for a confirmation that the bulls are back and ready to take control before going long. The price action of today's candle is important. If there will be not much of a movement today, we can still wait for the next candles as long as we can have our confirmation. These confirmation of reversals are a large pin bar (rejection of the support), 2 bar reversal or a bullish engulfing bar. As mentioned, the close of today's candle is important.
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