Last week this pair reached the lowest point since the end of the third quarter of 2016.In the analysis presented today I have used not only Fibonacci Sequence, but also my favorite indicators (regarding my indicators I will create a special post!). The first indicator used is Williams Alligator which consists on 3 moving averages but on three different sequences...
NZDUSD pair seems very attractive for a buy/long opportunity.
Starting from May 20th when this analysis begins the pair has followed a relatively upward trend.
A triple top was formed along the way which led to a bearish trend lately (reassured at the white arrow where B represents the
break from the trend). After all this time, everything culminated with the big...
Fibonacci Lines consist on 2 resistance lines. 0.8788 is the first one and 0.89229 the second one for the moment. This pair will most likely keep an uprising trend after a bad and weak week for NZD.
Nearly a double bottom presented so the trend will keep going long in the upcoming week at least probably escalating beyond 0.887 and if everything goes according to plan after reaching this point the pair may reach even 0.900. However a stop loss equal to 0.874 or 0.873 would sound reasonable to keep awareness high on risk management.
The channel will be retested and break 72.279 most probably. However if not broken it will go short just for a while and then keep its way long in the upcoming days.
NZDUSD going to retest 0.668 again if it breaks it it will go further maybe until 0.695
Or it will briefly and keep following its latest channel between 0.668 and 0.648
The trend line seems to play the role of the support and the horizontal line being before a resistance will be broken and the pair will eventually go long. Most probably starting from today or tomorrow.
SL may be placed at 137.7 or 137.5 in order to manage risk.
TP may be placed at least at 138.6 and higher.
Good Luck :)
This pair will follow the path of the comfort zone as in the past last moments and will reach gradually in a short time a low level of 0.66 and after that it will start going up. This is also supported by the fact that there are several news which will differentiate during the next week so we expect changes after Monday afternoon most probably.
3 triangles are formed on the pair and Bollinger Bangs crosses on the downside border 2 standard deviations from the average indicate that a Long / Upward Trend will take place, also supported by the forecasting of several good or static NZD news. 0.90 Is the target to be reached which will also server as the weekly Resistance to be tested furthermore.
Bollinger Band is crossed several times lately specially during late hours. This fact, supported also by some green volume candles in the middle of the red ones in MACD indicator, indicate a trend reversal. Said so, if RSI is also checked it will be seen that lower 30% border is reached. Good long opportunity.
There have been an increase in this pair for some time and lead to candles crossing multiple times Bollinger Bands. Moreover the pair reached the resistance and starting from today a trend reversing may start. During next week, also depending on the news a fall is expected in this pair. Japanese Yen experienced a higher fall than expected but this "crisis" is...
This pair has been dealing with different movements this week, but the way candles approached and nearly crossed Bollinger Band may indicate a change in the movement leading to a downward trend. Even if the change does not take place immediately, it will reach the resistance line and also cross with Bollinger Band. After that pair will start a downward trend...
Triangles are formed and the way they are built high green candles crossed the lines. Additionally Bollinger Bands upper border was crossed and immediately a red candle indicated a turn of the trend. There are 2 different border probably to be reached way before the support zone. Short opportunity is the logical way of going in this Pair.
As it is seen in the graph the currency pair crossed Bollinger Bands once and it may cross it again and reach the horizontal line
below. After that a trend swap will occur and there are two points where the value may go, but it all also depends on the way the news affect the market. However even if there are fluctuations within this week this pair will reach new...
Bollinger band lower border was crossed several times. Approximately 3 green candles are indicating a trend change. Good long opportunity in this pair.
