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Technical analysis of NZD/USD By INSTAFOREX

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  #81  
Old 07-12-2017, 22:20
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

Overview:
The level of 0.6944 represents the double top on the H4 char. The pair has already formed minor resistance at 0.6895 and the strong resistance is seen at the level of 0.6944 because it represents the weekly resistance 1. Hence, major resistance is seen at 0.6944, while immediate support is found at 0.6831. If the pair hits below the price of 0.6831, the NZD/USD pair may resume its movement to 0.6816 to test the daily support 2.

Consequently, the NZD/USD pair is trying to test a major resistance level and it remains to be seen whether bulls have enough power to push for new highs in coming hours. The NZD/USD pair to move between the levels of 0.6940 and 0.6816. The RSI is still calling for a strong bearish market. The current price is also below the moving average 100. As a result, sell below the price of 0.6940 with targets at 0.6831 and 0.6816. However, stop loss should always be taken into account; accordingly, it will be useful to set the stop loss above the last bullish wave at the level of 0.6960.




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  #82  
Old 08-12-2017, 18:36
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

NZD/USD is expected to trade with bearish outlook. The pair resumed its down trend after a limited consolidation. The falling 50-period moving average acts as a strong resistance and should continue to push the prices lower. Besides, the relative strength index remains weak below its neutrality area at 50.
Therefore, as long as 0.6860 is not surpassed, the pair is likely to decline to 0.6815 and 0.6790 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which is the signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.6890, 0.6915, and 0.6950
Support levels: 0.6815, 0.6790, and 0.6770




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  #83  
Old 15-12-2017, 14:37
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

All our upside targets which we predicted in yesterday's analysis have been hit. Despite the recent pullback from 0.7030 (the high of December 13), the pair is still trading above the key support at 0.6975. Even though the continuation of consolidation cannot be ruled out, its extent should be limited.
Hence, as long as 0.6975 is not broken, we are cautious with up targets at 0.7050 and 0.7075 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7050, 0.7075, and 0.7105
Support levels: 0.6945, 0.6920, and 0.6885




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  #84  
Old 22-12-2017, 15:37
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

NZD/USD is expected to trade with a bullish outlook. The pair is supported by a bullish trend line, which confirmed a positive outlook. The upward momentum is further reinforced by both rising 20-period and 50-period moving averages. The relative strength index is bullish and calls for further upside.
To sum up, as long as 0.6985 holds on the downside, look for a new challenge with targets at 0.7050 and 0.7070 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7050, 0.7070, and 0.7100
Support levels: 0.6970, 0.6950, and 0.6920




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  #85  
Old 28-12-2017, 19:46
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

Our first upside target which we predicted in Yesterday's analysis has been hit. NZD/USD is still expected to continue its upside movement. The pair remains bullish above its key support at 0.7050 and is likely to challenge the next resistance at 0.7115. The rising 50-period moving average maintains the strong buying pressure on the prices. In addition, the relative strength index is above its neutrality area at 50.
In which case, as long as 0.7050 holds on the downside, look for further advance to 0.7115 and 0.7135 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7050, 0.7070, and 0.7100
Support levels: 0.6970, 0.6950, and 0.6920




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  #86  
Old 03-01-2018, 21:30
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

Overview:
As expected, the NZD/USD pair is trading upwards above the area of 0.7060/0.7080. Last days, the pair rose from the level of 0.7062 to a top around 0.7100. Today, the first resistance level is seen at 0.7160 followed by 0.7227, while daily support 1 is seen at 0.7062. According to the previous events, the NZD/USD pair is still moving between the levels of 0.7050 and 0.7160. Furthermore, if the trend is able to break out through the first resistance level at 0.7160, we should see the pair climbing towards the double top (0.7227) to test it.

Therefore, buy above the level of 0.7100 with the first target at 0.7160 in order to test the daily resistance 1 and further to 0.7227. Also, it might be noted that the level of 0.7227 is a good place to take profit because it will form a new double top on the H4 chart. On the other hand, in case a reversal takes place and the NZD/USD pair breaks through the support level of 0.7062, a further decline to 0.6978 can occur, which would indicate a bearish market. On the whole, we still look for a strong bullish market as long as the trend is still set above the spot of 0.7060.




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  #87  
Old 05-01-2018, 20:08
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

Our upside targets which we predicted in yesterday's analysis have been hit. Pair is expected to post some further upside gains. The pair managed to break above its previous resistance at 0.7125, which now plays a support role. Both the 20-period and 50-period moving averages are heading upwards now and should continue to push the prices higher. In addition, the relative strength index is bullish above its neutrality area at 50.
Hence, as long as 0.7125 holds on the downside, look for further advance to 0.7170 and 0.7195 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels, while the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7195, 0.7210, and 0.7250.
Support levels: 0.7110, 0.7085, and 0.7050.




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  #88  
Old 07-01-2018, 17:38
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

Try this on my Hotforex MT4 worked fine, thanks
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  #89  
Old 10-01-2018, 04:52
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

Overview:
The NZD/USD pair is expected to continue rising from the levels of 0.7120 or 7185 in the long term. It should be noted that the support is established at the level of 0.7120 which represents the 78.6% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom in the same time frame.

Accordingly, the NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7165. So, buy above the level of 0.7165 with the first target at 0.7195 in order to test the daily resistance 1 and further to 0.7232. Also, it might be noted that the level of 0.7232 is a good place to take profit because it will form a double top. However, in case a reversal takes place and the NZD/USD pair breaks through the support levels of 0.7120 and 0.7185, a further decline to 0.7060 can occur which would indicate a bearish market.




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  #90  
Old 18-01-2018, 15:18
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Default Re: Technical analysis of NZD/USD By INSTAFOREX

NZD/USD is consolidating. The pair posted an intraday "V-reversal" pattern yesterday and is likely to post some consolidations in sight. The relative strength index has broken below its neutrality area at 50 and is now mixed to bearish.
Therefore, as long as 0.7330 is resistance, expect a new pullback to 0.7260 and 0.7230 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels, while the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7350, 0.7370, and 0.7385.
Support levels: 0.7260, 0.7230, and 0.7200.




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