As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6595.
TP4: R2=0.661.
Set the stoploss of these orders at breakout of S2=0.6545.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.661.
TP4: R2=0.664.
Set the stoploss of these orders at breakout of S2=0.6545.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
MY 1ST IDEA ON TRADING VIEW. LET'S GO BULLS!
I will be looking to enter 'NZDUSD' 'LONG' in Buy Areas and closing positions in target areas.
Goodluck trading.
Morning traders
Another start to the week. Monday 17th of June lets go.
Following a very successful short on Gold on Friday from 1354 down to current market at 1333 for our team we are looking for our next winning trade.
Today we are taking a look at a bullish setup on New Zealand dollar versus US dollar following the formation of a Tweezer Bottom candle...
Price is at a resistance zone. We can see that pricer broke out after a downtrend. Retest it and will now go back up. Buyers are now entering the market!
Looking at the charts this a LONG buy, keep tracking this over the next three weeks to see of support line is touched.
Will be the lowest the pair has gone in several years, if support line is breached look to buy and adjust SL @TP1
Do not leverage more than 1%of our account on this trade as this is a long term position 1-2 months.
Good luck and stay int he...
Hi traders,
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit at horizontal, diagonal & dynamic support/resistance areas)
-...
Looking for a break of this current weak zone that price is within. This zone may make price stall for a short period of time giving traders false hope of a reversal and induce them to buy early. Expect price to drop down to our last demand zone giving us higher odds.
Take part in forex discussions by joining our telegram group chat;...
NzdUsd has put a decent impulse in bouncing off minor support, we can possibly see relief to the killzone in which I would be looking for a retest of the lows and even a continuation lower. Potential head and shoulders on the 5 min currently so can see that relief as more likely.
NZDUSD is looking to make a Higher Low before making a continuation. I will be looking for a reversal pattern to form around the 78.6-61.8 fibs to open up another Long Position
Evening traders,
Havent looked at this one in a while, but it looks like the pairing could be due to revert back up to the bearish side.
Wait for conformation on 4 , 1 hour & 30 min to ensure bullish confirmation then enjoy!
(let me know your results)
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
