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NZDUSD Technical Analysis
NZDUSD: SELL
BID PRICE 0.8273
EXPONENTIAL MA 20 0.8279 SELL
EXPONENTIAL MA 50 0.8287 SELL
EXPONENTIAL MA 100 0.8287 SELL
PARABOLIC SAR 0.02/0.2 0.8330 SELL
RSI 14 44.83 SELL
MACD 12,26,9 -0.00066 SELL
Support: 0.8246
Pivot: 0.8293
Resistance: 0.8341
Trend: Bearish.
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Technical points
Key point 0.8257
Entry point 0.8300
Elliott 0.8342
Closing 0.8276
Projection 0.8248
trendline 0.8294
trendline 0.8294
Supports / resistances
Res 2 0.8382
Ex-High 0.8342
Res 1 0.8329
pivot 0.8289
1 soup 0.8235
Ex-Low 0.8248
Sup 2 0.8195
Slightly Bullish
Is likely to rise to the range of 0.8329 - 0.8382
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Time Frame 4 H
indicator = DE MARK TREND LINE TRADER (COMBINED fractals, TREND LINE, PIVOT POINT, LINE TRIGGER)
reason = a bullish candle is able to put a halt bearish pair that does not work break below the trend line de red mark but in between the pivot de red and green mark
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Time Frame 4 H
indicator = DE MARK TREND LINE TRADER (COMBINED fractals, TREND LINE, PIVOT POINT, LINE TRIGGER)
reason = pair is not too strong to penetrate the trend line de red mark as bearish acceleration mode because the pair is still moving flat as bullish and bearish candle power is still just as strong
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NZDUSD trend likely to continue rising after the bounce from the support area at 0.8437, with a target area in BBANDS resistane red at 0.8505 price range. Minor resistance at the midpoint SHI channel at 0.8474. If the minor fails to break this resistance, NZDUSD will turn back down to the support area
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Overview From the H4 chart today, the metal taking up move yesterday after rebounding from a trend line through the level of Resistance 22:00. But hurry silver hits from 22.50 to 22.80 Resistance area tested now. When trying to break through the silver bullish move on. In this case we may get more of a chance for a buy signal with a first target of several pips below the 23.00 resistance level and then we had to wait again until closing above this level resistance to continue the bearish movement. But as long as the metal trades below this area the Resistance mentional cancel bullish scenario moving. Resistance and support levels: R3 (23:00) R2 (22.80) R1 (22.50) S1 (22.00) S2 (21:50) S3 (21:20)
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NZD/USD is a very tough pair to trade on since the movement does not take long to change so if we don’t have knowledge or experience then it can be serious bad so that’s why it’s crucial to trade on this pair only after getting education or experience. I am lucky that I have learned everything with Nova FX broker as they have perfect education system from which everyone is able to learn and we can practice easily on their demo account.
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