Buy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). RSI (34) sees an ascending...
Buy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing...
Sell below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price has bounced up nicely as expected from our buying area. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement,...
Hi traders! As I looked through my charts this morning, NZDUSD spoke to me. I'm seeing a head and shoulder pattern forming on the daily time frame! I'm torn though because I don't see the USD getting stronger but the NZD can make a case for itself to be a weak currency at the moment too. MACD is almost crossing and RSI bounced off the 50 line. The RR is pretty...
Pending Long @ 0.6990 Stop Loss @ 0.6785 Target @ 0.7560 RR Ratio @ 2.78 Head Shoulder Neck Line Break out also possible to go short but i prefer the long side. Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Buy above 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price is now testing our major support buying area. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing...
Buy above 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price has dropped absolutely perfectly and has reached our profit target. We prepare to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal...
1H - The NZDUSD was in a strong downtrend however that recently came to an abrupt end. It has tried to form an uptrend after that downtrend exit however that has come to a halt due to a strong resistant point which then led it to fall back onto the black line which has acted as a support for it. Because of this, we can see two potential trades, short or long. We...
Sell below 0.7304. Stop loss at 0.7340. Take profit at 0.7223. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and is fast approaching our profit target. We remain bearish below 0.7304 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 0.7223 support (Fibonacci...
Sell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7337 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support (Fibonacci extension, horizontal swing low support). Stochastic...
Sell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7337 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support (Fibonacci extension, horizontal swing low support). Stochastic...
Daily outlook - NZD/USD surges on fundamentals In line with expectations, the currency exchange rate managed to restore lost positions and reached the 0.7279 mark. Basically, the pair had a chance to make a rebound from the 100-hour SMA and continue to move downwards in accordance with the general market sentiment, which is 58% bearish. However,...
NZDUSD the pair trading on strong support zone with double bottom pattern on daily candle , but it stuck under the strong resistance 7300, we expect to break above the 0.73 handle, which would be very bullish and have this market looking for higher levels. Upcoming NZD elections also a major part of volatility . BUY NZD/USD ' @0.7290/0.7260 Target:...
Sell below 0.7290. Stop loss at 0.7335. Take profit at 0.7223. Reason for the trading strategy (technically): Price has reversed perfectly from our selling area and is approaching our profit target. We remain bearish below 0.7290 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to at least 0.7223 support (Fibonacci...
Sell below 0.7322. Stop loss at 0.7372. Take profit at 0.7223. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7322 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a reaction from this level for a push down to at least 0.7223 support (Fibonacci extension, horizontal swing low...
Sell below 0.7258. Stop loss at 0.7286. Take profit at 0.7196. Reason for the trading strategy (technically): Price has broken our major support-turned-resistance level at 0.7258 and we prepare to sell below this resistance level (Fibonacci retracement, horizontal pullback resistance) for a further push down following our bearish channel momentum to at least...
Buy above 0.7256. Stop loss at 0.72299. Take profit at 0.7326. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area yesterday and is fast approaching our profit target. We prepare to buy above major support at 0.7256 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7326 resistance...
We are facing a Head Shoulder Head Bearish pattern in OANDA:NZDUSD , same pattern that we are looking from TVC:ZXY On May 11th,2017 resistance, please wait until price level goes low to 0.72150 zone and jumps up to a PE level of 0.73450. Please refer to TVC:ZXY graph! For price entry, please refer to a MACD analysis in a 4H or 1H time frame. Safety...