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Nzdusdbuy

NZDUSD testing major channel resistance,potential strong drop!NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding drop 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
NZDUSD Profit Target Reached Perfectly, Prepare For A DropNZDUSD has once again reached our profit target perfectly. We now prepare for a drop. Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855. Reason for the trading strategy (technically): Price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards major support at 0.6855 (Fibonacci extension, horizontal swing low support). Stochastic (89,5,3) is seeing major resistance below 90% where a corresponding reaction could occur.
Short
by theforexarmy
1
NZDUSD Reached Profit Target Perfectly, Prepare For A BounceNZDUSD has dropped perfectly to our profit target and is now testing channel lower limit support. Buy above 0.6855. Stop loss at 0.6829. Take profit at 0.6905. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target and we’re now seeing major support at 0.6855 (channel lower limit support, horizontal swing low support). We expect a bounce to occur at this level to push price up to major resistance at 0.6905 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance). RSI (89) sees major support above 36% where a corresponding bounce could occur.
Long
by theforexarmy
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