www.varchev.com

NZD/USD: Possible long from here by the trend

Rating:

12345
Loading...

NZD/USD:

Date: July 18, 2016

H4 Graph: Long Trend

The price made a correction downward to horizontal support at a zone 0,70800/0,70600, this is also a FIB zone 38,2% and stopped at МА200. The price stopped its fall and it is possible that will continue up by the trend.

Earlier there was a bearish divergence of the DEM indicator, which did happen but now the price may be ready to resume its movement up by the trend.

NZDUSDSFH4

Alternative scenario: If the price continue to fall and breaks below 0,70550 and closed below the МА200, will give us a sell signal for possible short positions.

Technical Indicator:

DEM (14) - In oversold zone and turned up - by the trend for long

Sentiment: The indices and stocks continue to move up with the positive sentiment that exist in the market. This will support higher NZD dollar

Price for Entry long around: 0,7100

SL:0.70550

Jr. Trader - S. Fuchedzhiev


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy