1. 4H chart obviously closing to demand zone 2. MACD divergent appear Suggestion, 1. waiting the crossover KDJ moving average as the confirmation 2. Entry at the previous FVG gap Result Expectation: Would expect to reach 1st target 2360 or break above new high!
AS LONG AS NZDUSD STAY BELOW RED LINE IT WOULD BE SHORT BIAS 1. THE COMING WEEK WOULD RETEST 0.5 FIBB. 2. DAILY MACD ALMOST TURNING DEAD CROSSING 3. IF STOCK MARKET LOSING MOMENTUM TO GO UP, IT WOULD CAUSED NZD TO GO DOWN
FIBBO 0.618 RESTEST OF RESISTANCE WAITING FOR CONFIRMATION. HIGH RISK ON AUD
REASON 1. US ANNOUNCED THE LATEST POSITIVE NEWS REGARDING VACCINE TO CURE COVID 19 2. US UNEMPLOYMENT CLAIM IS POSITIVE TO US 3. STOCK MARKET BULLISH TECHNICAL 1. DAILY MACD TURNING DEAD CROSS 2. OVERBOUGHT AT HISTORY HIGH AND FAIL APPROACHING THE HISTORY RESISTANCE ( 1750) 3. BREAKOUT 1707 SUPPORT TREND LINE. HOW TO DO 1. SELL BELOW 1707.
REASON 1. EUR OVERALL BAD TO DESCRIBE THE ECONOMY 2. USD WILL REBOUND FOR TEMPORARY 3. BIG PICTURE IS STILL BEARISH ( DAILY ) TECHINICAL 1. LAST WEEK TESTING THE RESISTANCE , UNFORTUNATELY FAIL TO BREAKOUT 2. DAILY MACD TURNING DEAD CROSS HOW TO DO 1. REENTER THE TESTING OF RESISTANCE 2. WAITING MACD TURNING BEARISH
Reason: 1. big picture long ( Weekly , Daily ) 2. Cad is weak as oil price crisis 3. USD will strong rebound temporary Technical: 1. KDJ oversell is time to rebound 2. Price breakout and trying approach the support retest level. 3. Macd high potential to crossing bullish ( H!) What to do: 1. Waiting retest the support to reconfirm 2. Waiting MACD turning...
WITH HISTORY REPEAT , USD INDEX WILL COMMING FOR 2ND TIME BEARISH ERA. READY FOR LONG TERM INVEST.
1. macd daily bullish, suppose bullish candlestick in daily 2. macd h1 turning bullish ( awaiting confirm ) 3. stay above 1626 would continue bullish bias waiting h1 turning to bullih within 5 hours advice: buy below 1633