NZD/USD: technical analysis
28 March 2018, 10:52
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 0.7252 |
| Take Profit | 0.7200 |
| Stop Loss | 0.7280 |
| Key Levels | 0.7152, 0.7165, 0.7188, 0.7210, 0.7226, 0.7242, 0.7258, 0.7280, 0.7300, 0.7315 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.7320 |
| Take Profit | 0.7370 |
| Stop Loss | 0.7280 |
| Key Levels | 0.7152, 0.7165, 0.7188, 0.7210, 0.7226, 0.7242, 0.7258, 0.7280, 0.7300, 0.7315 |
NZD/USD, D1
In D1 chart the pair was corrected to the middle line of Bollinger Bands. MACD histogram is in the area of the zero mark, its volumes are minimal, the signal line crosses the zero mark from above. Stochastic is on the border with the overbought zone, the oscillator lines are directed upwards.
NZD/USD, H4
In H4 chart the instrument corrected to the middle line of Bollinger Bands, the price range is narrowed. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is on the border with the oversold zone, the oscillator lines are directed downwards.
Key levels
Support levels: 0.7258, 0.7242, 0.7226, 0.7210, 0.7188, 0.7165, 0.7152.
Resistance levels: 0.7280, 0.7300, 0.7315.
Trading tips
According to technical indicators, opening short positions from the current level with target at 0.7200 seems preferable. Stop-loss — 0.7280. Implementation period: 1-3 days.
Long positions may be opened from the level of 0.7320 with target at 0.7370. Stop-loss — 0.7280. Implementation period: 3-5 days.
In D1 chart the pair was corrected to the middle line of Bollinger Bands. MACD histogram is in the area of the zero mark, its volumes are minimal, the signal line crosses the zero mark from above. Stochastic is on the border with the overbought zone, the oscillator lines are directed upwards.
NZD/USD, H4
In H4 chart the instrument corrected to the middle line of Bollinger Bands, the price range is narrowed. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is on the border with the oversold zone, the oscillator lines are directed downwards.
Key levels
Support levels: 0.7258, 0.7242, 0.7226, 0.7210, 0.7188, 0.7165, 0.7152.
Resistance levels: 0.7280, 0.7300, 0.7315.
Trading tips
According to technical indicators, opening short positions from the current level with target at 0.7200 seems preferable. Stop-loss — 0.7280. Implementation period: 1-3 days.
Long positions may be opened from the level of 0.7320 with target at 0.7370. Stop-loss — 0.7280. Implementation period: 3-5 days.
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