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NZD-USD

NZDUSD On last pull back and then rebound to 0.6200NZDUSD is testing the MA50 (1d) after a Support (1) rebound. The Arc pattern looks like the one from March-April. Following a double MA50 (1d) breach, the price made one last pull back and then rebounded. Trading Plan: 1. Buy on Support (1) again. Targets: 1. 0.6200 (the 0.618 Fibonacci level, which was the May 11th high). Tips: 1. The RSI (1d) is also highly correlated with the March-April sequence, indicating that we may be on the April 13th leg. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
4
NZDUSD to find buyers at previous support?NZDUSD - 24h expiry - We look to Buy at 0.5930 (stop at 0.5899) Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 0.5975 will confirm the bullish momentum. The measured move target is 0.6025. Our profit targets will be 0.6005 and 0.6025 Resistance: 0.5980 / 0.6015 / 0.6025 Support: 0.5950 / 0.5930 / 0.5900 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD Buy opportunity at the bottom of the Channel Down.The NZDUSD pair has been trading within a 8-month Channel Down since February and right now is staging the new rebound on its bottom (Lower Lows trend-line). The 1D RSI has been rebounding from the oversold zone on Higher Lows, while the candle action has been on Lower Lows, displaying a strong Bullish Divergence. As a result, we have the ideal signals to go long and target the 0.618 Fibonacci level on a +4.35% rise at 0.61000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZDUSD Strong buy opportunity at the bottom of the Channel DownIt's been more than 2 months since we last gave an NZDUSD signal (see chart below), a buy call that hit straight into our 0.62750 target: The price broke yesterday below Support 1 (0.59845) and today almost touched the bottom of the latest Channel Down pattern. With the 1D RSI almost on the 30.00 oversold barrier, this is a strong buy opportunity for a short-term rebound to at least the 0.618 Fibonacci Channel retracement level at 0.62000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot