As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6785.
TP4: R2=0.68.
Set the stoploss of these orders at breakout of S2=0.6715.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Price sold as expected and is currently under support zone price 0.67477 and under resistance trendline we expecting price to test resistance zone price 0.67477 and continue sell Long-Term daily timeframe
The double top pattern in the 30-min chart indicates the end of bull trend in the short term charts.
The pair has also broke the critical support level of 0.67762.
Hence we expect the pair to trade with bearish bias in the near-term.
NZDUSD Analysis: Price is currently under resistance zone price 0.68409 and under resistance trendline we expecting price heading towards support price 0.67477
NZDUSD is approaching its resistance at 0.6838 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6767(76.4% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries...
Welcome to my !NZDUSD analysis. NZD is giving us some good trades this month and i believe it will continue for the coming week.
i believe we are completing the 4th wave /B wave of 1-2-3-4-5 / ABC correction.
We have formed a contracting triangle with abcde waves and the price should breakout of the triangle upwards
Wave E seems to be done however POINT 1 (...
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.
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