so as previously stated we broke above the trend line, we also pushed past .68 and closed past that previous resistance. Our next upside target is .687 and I believe if we hit that area we will go all the way up to .69 to hit out original target.
After nzdusd broke its support in 0.6478, it strengthened the currency's bearish pattern.
You can see in the graph above that we have further support here at 0.6395 with the possibility of stopping the declines and possibly an increase.
The risk remains high because it is a signal that goes against the trend.
It is true that we have been in the Bear Channel for several months now, it is important to take note of the opportunity created here.
Strong support at 0.6478.
This is the third time that nzdusd has failed to break the support and once it touches the support price rises again.
According to the Stochastic, we are in Oversold with a chance of a trend change.
Hi guys its Brian here with a long opportunity for NZDUSD
Currently NZDUSD has been falling hard and is reaching areas of support. I have identified 2 price levels specifically and labeled them as Entry 1 and Entry 2.
If you are not sure which entry to use then you can just use both by scaling in your entries. I have also identified a Take Profit level as...
De koers heeft de weerstand doorbroken en vervolgd zijn nieuwe opwaartse trend. Wacht op een bevestiging van steun voordat je jouw trade plaatst. Patience is King!
NZDUSD broke resistance and is continuing its new found Up trend. Wait for confirmation of support before entering your...
Een paar dagen geleden is de "Neckline" gebroken en daarna heeft de prijs geen "Higher High" meer gemaakt. Dit geeft ons een indicatie dat de prijs verder zal zal gaan dalen. Wellicht een goed moment om een trade te plaatsen en te zien wat er gebeurd. Tenminste zou de prijs vandaag een "Lower Low" moeten maken.
NZDUSD has reached to its important resistance which is shown in the chart . All eyes on 28th,Jun G-20 meeting . We strongly believe that you should get long position, if the price manage to breakout this level .
This pair is currently trading at a major support zone as seen on the monthly chart (yellow zone) and is forming a Harmonic Bat Pattern. This is a long term pattern but we are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:NZDUSD