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Daily Chart shows that price is hitting a strong support area where previously it has stalled and a reversal trend has emerged.
Watch for confirmation closely but a good potential buy opportunity is on the way.
Take Profit 1: @ 82.600
Take Profit 2: @ 84.300
Stop loss @ 81.150
After today's solid rally price seems to finally be slowing down and stalling around the 0.80700 level. Our daily chart shows a strong trend line resistance level here where on several occasions price wasn't able to push further upwards and reversed.
Take Profit 0.80000
Stop Loss 0.81200
Risk Warning: Trading Forex involves significant risk and can result in...
NZDUSD just approached an interesting level where previously has stalled and reversed. Keep an eye for potential short opportunity, await confirmation with a solid downtrend candle, preferably on 4 hourly. *This is my personal analysis having watched the pair over the last few weeks. Breaking 0.74500 could see the pair continue to rally and reach 0.75600 and...
After a spike up and a quick reversal on the last hourly candle a selling opportunity is starting to be visible. Wait for the 4 hourly candle to close and watch this area for a clear sell entry point. First take profit 0.72000 Trade Safe!
A good short opportunity is beginning to emerge, on the daily chart you can clearly see strong resistance a at 0.77560, This is supported by a strong trend line and daily pivot point (R3) Closely watch the sell zone and await a good entry point between 0.77300-0.77500, first take profit level at 0.75900. Trade Safe!
Over the last 4 weeks the pair has attempted to break through the trend line just below the R1 level (the horizontal line) here you can see clear break through failed attempts before retracting back around the Second support area. This analysis is all based on daily pivot points and using solid trend lines only. A good sell opportunity is emerging, with the first...
After recent rally's above the 129.500 area the pair seems to be stalling at today's R1 daily pivot point/trend line.
The pair is overbought and a sell off is starting to emerge. Time to start selling? I sold the pair at 129.800.