Nzdusdsignal
Possible Short for NZDUSD Possible long for NZDUSD. Price has remained beneath both the 200 EMA and the 50 EMA indicating a strong short bias. Price has also been following a parallel trend for the past couple of weeks and has recently hit the trend line channel resistance, also indicating a short bias. Price has also been recently rejected by a local resistance line. FX:NZDUSD
Powerful Reversal Level: Possible BUY with Great RRBroad-based USD strength along with dovish RBNZ has led to a big Sell off in NZDUSD. However, it looks like the selloff is about to end soon.
Right now price is testing a very critical area at 0.6591. In the previous occasion, we have seen price reverse strongly from this area.
This kind of levels are powerful and often lead to quick reversals.
So, traders can look for BUY at 0.6591 with small SL at 0.6570.
TPs can be set at 0.6650 and 0.6783 respectively.
NZDUSD Will continue to fall?The model we see in the daily period is a classic model of Double Top- two consecutive peaks in price then breakdown, At this moment we are on the line of Tenkan Sen that gives support to the NZDUSD, Our signal is taking advantage of this support and open buy position! in case it continues to fall will reverse our position and take profit will be 0.6760
Buy NZD/USD
Entry Price: 0.6847
Stop Loss: 0.6820
Take Profit: 0.6990
NZDUSD has breached a major weekly level. Short!NZDUSD has breached a major weekly level. The upper trend line was also rejected. Looking for a retest back to the lower trend line and possibly a break of that trend line. -StampsFX
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