NZD/USD: technical analysis
16 January 2019, 10:23
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 0.6850 |
| Take Profit | 0.6910 |
| Stop Loss | 0.6820 |
| Key Levels | 0.6590, 0.6612, 0.6645, 0.6704, 0.6742, 0.6776, 0.6798, 0.6821, 0.6847, 0.6879, 0.6912, 0.6937, 0.6970 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.6775 |
| Take Profit | 0.6705 |
| Stop Loss | 0.6805 |
| Key Levels | 0.6590, 0.6612, 0.6645, 0.6704, 0.6742, 0.6776, 0.6798, 0.6821, 0.6847, 0.6879, 0.6912, 0.6937, 0.6970 |
NZD/USD, D1
On the daily chart, the instrument is trading within the sideways channel formed by the upper border and the middle line of Bollinger bands. MACD histogram is in the area of the zero line, its volumes are minimal, the signal line is reversing upwards. Stochastic is on the border of the overbought zone, the oscillator lines are directed horizontally.
NZD/USD, H4
On the 4-hour chart, the instrument is trading within the sideways channel, being corrected to the middle line of Bollinger bands, the price range is narrowed. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic is reversing upwards around the border of the oversold zone.
Key levels
Resistance levels: 0.6847, 0.6879, 0.6912, 0.6937, 0.6970.
Support levels: 0.6821, 0.6798, 0.6776, 0.6742, 0.6704, 0.6645, 0.6612, 0.6590.
Trading tips
Long positions can be opened from the level of 0.6850 with the target at 0.6910 and stop loss 0.6820.
Short positions can be opened from the level of 0.6775 with the target at 0.6705. Stop loss is 0.6805.
Implementation period: 1–3 days.
On the daily chart, the instrument is trading within the sideways channel formed by the upper border and the middle line of Bollinger bands. MACD histogram is in the area of the zero line, its volumes are minimal, the signal line is reversing upwards. Stochastic is on the border of the overbought zone, the oscillator lines are directed horizontally.
NZD/USD, H4
On the 4-hour chart, the instrument is trading within the sideways channel, being corrected to the middle line of Bollinger bands, the price range is narrowed. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic is reversing upwards around the border of the oversold zone.
Key levels
Resistance levels: 0.6847, 0.6879, 0.6912, 0.6937, 0.6970.
Support levels: 0.6821, 0.6798, 0.6776, 0.6742, 0.6704, 0.6645, 0.6612, 0.6590.
Trading tips
Long positions can be opened from the level of 0.6850 with the target at 0.6910 and stop loss 0.6820.
Short positions can be opened from the level of 0.6775 with the target at 0.6705. Stop loss is 0.6805.
Implementation period: 1–3 days.
No comments:
Write comments