NZDUSD = BUY BUY BUY, this coming weekWOW WOW WOW. hope you guys saw the last
analysis.
now NZDUSD has retraced to Fibonacci retracement
level of 0.236 as previously surmised. i am expecting
this to continue the move up
Also Stoch RSI is going on the way up.
H4 = BUY
See previous analysis
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Nzdusddaily
NZD/USD - Bullish OpportunityNZD/USD has broken above the 200 EMA on the 4H chart and is finding support on top of it for the first time since the month of April.
This is a good sign of the beginning of a long term reversal.
As long as that support holds, we can expect NZD/USD to continue upwards and eventually hit our TP. Then do a pullback and hit either the 50 EMA or the 200 EMA to continue further up.
Give it some more time to confirm it's support and strength to move up then enter.
Trade safe.
NZDUSD Weekly Forex Forecast 24th September To 28th SeptemberMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.6720 would begin in Midterm.
We will close our open trades, if the Midterm level 0.6720 is broken.
Technical analysis:
There is a divergence in RSI and price between the trough at 0.6544 on 2018-08-15 and the trough at 0.65005 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.6500 on 09/11/2018, so more gains maximum to Major Resistance (0.6720) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.
LONG NZDUSD to 0.71200 and higher targetLooking to take a long on NZDUSD and hold it for possibly longer than a week given the time of year and the distance it has to travel.
Entry: 0.70105
SL: 0.69792
TP: 0.71395
I will look to take something off of my position with 20 pips in profit and let the rest of the position run.
Stop-loss will be moved the breakeven once 50 pips in profit.
There is a chance that I missed the trade, if that is the case, then I will find another entry point since the profit objective is fare enough away.
I will add updates as the trade progresses.
nzdusd dailyThis is enough evidence to support a long position and recently I've become aware of a slight advantage when entering on the reversal bar in a strong uptrend or downtrend because if price is going to move up in our direction then the small reversal bar is something of a pause before a larger move takes place.
Headlines !!! NZD/USD About to Boom ! WHY ? Read BelowHi Traders ! As you i know i keep Everything Simple ! Just by looking at the charts . you would get the idea about whats gonna happing soon . a beautiful Pinbar candle just formed below the trendline . Confirming a Reversal . We Hope to see pull back after this bearish relly !