Get started

Nzdusddaily

NZDUSD: Keep an Eye on 0.6985 Next WeekIt isn’t clear whether or not the NZDUSD will make it as high as 0.6985 next week. If it does, I’ll be on the lookout for a favorable selling opportunity. If it doesn’t, I will wait for a daily close below 0.6820, unless an entry materializes on the 4-hour chart. A daily close at 5 pm EST below the 0.6820 handle would target the May 2016 low at 0.6675. Alternatively, a daily close back above the 0.6985 resistance area would turn our attention higher. Until that time, I’ll remain bearish the NZDUSD. Source: bit.ly
Short
by Daily-Price-Action
NZDUSD still making it’s reversal, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price is still hovering above our buying entry. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
Long
by MEX_Exchange
6
NZDUSD bouncing perfectly, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
Long
by MEX_Exchange
10
NZDUSD bouncing perfectly, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
Long
by MEX_Exchange
6
NZDUSD testing major support, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price continues to test major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
Long
by MEX_Exchange
4
NZDUSD on major support, time to start buying for a reversalBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has dropped strongly and is now testing major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
Long
by MEX_Exchange
4
NZDUSD Breaks Key Support, Targets 0.6820The NZDUSD appears to have closed last week below this trend line that extends from the September 23, 2015 low. As evidence that the 0.6990 area will begin to attract sellers, look no further than the 4-hour candle that closed today (Monday) at 5 am EST. The high was 0.6990 and is still holding as the session high as I write this post. That said, I’m only interested in trading the NZDUSD on the daily time frame. And considering that the current price is still more than 100 pips from the 10 and 20 EMAs, I wouldn’t be surprised if we see some consolidation before the next leg lower. Bearish price action from the 0.7000 area could present a favorable opportunity to get short. Key support comes in at the May low of 0.6820. Alternatively, a daily close (5 pm EST) back above the trend line near 0.7000 would negate the bearish outlook. Source: bit.ly
Short
by Daily-Price-Action
NZDUSD testing major support, remain bullishBuy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245. Reason for the trading strategy (technically): Price has been testing our major support atc0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.9% where we expect to see a corresponding bounce from.
Long
by MEX_Exchange
4
NZDUSD prepare to turn bullish on major supportBuy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245. Reason for the trading strategy (technically): Price is approaching major support a t0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.9% where we expect to see a corresponding bounce from.
Long
by MEX_Exchange
1
NZDUSD approaching major resistance, prepare to sellSell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7095 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at 97% and we expect to see a strong reaction off that level which corresponds to the drop we’re expecting on price too.
Short
by MEX_Exchange
4
NZDUSD approaching major resistance, prepare to sellSell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7095 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at 97% and we expect to see a strong reaction off that level which corresponds to the drop we’re expecting on price too.
Short
by MEX_Exchange
2
NZDUSD testing major resistance, prepare to sellSell below 0.7146. Stop loss at 0.7126. Take profit at 0.7056. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7146 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level to push price down to at least 0.7056 support (Fibonacci extension, horizontal swing low support) once again. Stochastic (34,3,1) is at major resistance at and we expect to see a strong reaction off this level too. Correlation analysis: We’re seeing commodities weakness with drops expected on AUDUSD, AUDJPY and NZDUSD.
Short
by MEX_Exchange
2