Get started

Nzdusdbuy

NZDUSD has reached our resistance target,potential upcoming dropNZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
NZDUSD continues to test major support, remain bullishBuy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436. Reason for the trading strategy (technically): Price continues to test our buying area and ascending channel support. We think that it might be doing a fake breakout now because RSI has not broken below 51% yet. We remain bullish above major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support, bullish price action) for price to continue its push up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension). RSI (55) sees a long term ascending support line since November 2017 hold up our bullish momentum really well. We’re starting to see a possible break of this long term support line but our major support remains at 51% and only a clean break of that level would be a precursor that a drop is coming.
Long
by MEX_Exchange
1
NZDUSD continues to bounce up really nicely, remain bullishBuy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436. Reason for the trading strategy (technically): Price tested our buying area and ascending channel support and had bounced up really nicely as expected. We remain bullish above major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support, bullish price action) for price to continue its push up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension). RSI (55) sees a long term ascending support line since November 2017 hold up our bullish momentum really well. We’re starting to see a possible break of this long term support line but our major support remains at 51% and only a clean break of that level would be a precursor that a drop is coming.
Long
by MEX_Exchange
1
NZDUSD starting to drop, now testing major supportSell below 0.7188. Stop loss at 0.7280. Take profit at 0.7041. Reason for the trading strategy (technically): Price is starting to drop nicely below our major resistance at 0.7188 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect price to push down to at least 0.7041 support (Fibonacci retracement, horizontal pullback support). However, we are also in a bullish ascending channel and are testing the main channel support. Only a break of this channel would confirm further downside move. RSI (34) is testing major ascending support and is starting to break below it. Only a clear break of our ascending support would trigger a strong bearish drop on price.
Short
by MEX_Exchange
NZDUSD At ResistanceOn the daily time frame NZDUSD has reached a nice resistance. The indicators also have seemed to reach their top and are running out of steam reversing back down for a next bearish wave. How ever its all still fresh. If youre an early bird you could sell NZDUSD now with a 70 pip stop loss and target 0.7025 If you prefer less risk then wait for the next daily candle. If its green it will break the resistance and you can enter a buy, but if it turns red then its a confirmation of a bearish reversal and you join the sell.
Short
by JoshFX1