Onada
Selling EURNZD at daily 20 EMA.EURNZD - Intraday - We look to Sell at 1.6827 (stop at 1.6867)
Our short term bias remains negative.
Preferred trade is to sell into rallies.
20 1day EMA is at 1.6827.
Our profit targets will be 1.6727 and 1.6707
Resistance: 1.6740 / 1.6800 / 1.6830
Support: 1.6700 / 1.6670 / 1.6640
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Is Wheat Ready to Rock?OANDA:WHEATUSD recently hit a high around the $7.16USD area and has been in a small downtrend since. It looks like it may be ready to head back upwards and test resistance again after a nice bounce off of support.
Entering around the $7 mark would give us about a 2.37% retrace up to resistance and would be a perfect bounce off of the 0.5 fib.
RSI on the 30 minute and 4 hour charts both look like they are in a position to support this move. Stoch RSI also appears to be in a spot to “roll over” on both time frames mentioned.
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