Nzdusdsignal
The above support will stop the continued weakening of #NZDUSD?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.
Target: 0.6480
#NZDUSD, An opportunity was created hereIt 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.
Target: 0.6630.
NZDUSD Long OpportunityHi 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 well.
Entry 1: 0.6487
Entry 2: 0.64177
Take Profit: 0.66069
Stop Loss: Slightly below Entry 2
www.brianchai.com
Free Trading Group (signals, news, price alerts & more!)
Will NZDUSD slide down much further???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 - FX Majors | Patterns & Waves | June-July 2019
NZDUSD labeled within a Bullish Minor ABC (orange) sequence, within a larger degree Double Three in (W)(X)(Y) (pink).
Minor A (orange) is finalizing the Leading Diagonal, after which Minor B (orange) would correct about half of the motive sequence.
Minor C (orange) should present itself as a strong and sustained bullish impulse.
Possible Short for NZDUSD Possible long for NZDUSD. Price has remained beneath both the 200 EMA and the 50 EMA indicating a strong short bias. Price has also been following a parallel trend for the past couple of weeks and has recently hit the trend line channel resistance, also indicating a short bias. Price has also been recently rejected by a local resistance line. FX:NZDUSD
Powerful Reversal Level: Possible BUY with Great RRBroad-based USD strength along with dovish RBNZ has led to a big Sell off in NZDUSD. However, it looks like the selloff is about to end soon.
Right now price is testing a very critical area at 0.6591. In the previous occasion, we have seen price reverse strongly from this area.
This kind of levels are powerful and often lead to quick reversals.
So, traders can look for BUY at 0.6591 with small SL at 0.6570.
TPs can be set at 0.6650 and 0.6783 respectively.