Nzd/usd - 17.06.2007

[TranCer]

Hi.
I am really upset by intraday volatility so i searched for a pair with a good strong trend wich is not influenced by daily news or intraday traders ...
So i found NZD/USD and AUD/USD

Here we will discuss the NZD/USD

Chart 1 [ 4h ]

We see a divergence on the RSI of type LH-HH => down
RSI is now in the overbought level so is likely to turn ...

Chart 2 [ weekly ]

RSI and MACD signaling a divergence HH-LH // candles = tweezer tops / dark cloud cover

Chart 3 [ monthly ]

RSI is overbought now so it can turn anytime.

What i did: [ you shouldn`t trade my signals cause i don`t guarantee 100% they are right ]
- i opened the 4h chart and draw fibonaccy retrec at the last line of zig zag [ see chart 1 ] and i set a sell limit order at 0.7560 [ 61.8% retrec ]

I intend to keep this trade until the trend on weekly will turn again to UP ...
[ also same conditions are made by AUD/USD and EUR/USD , GBP/USD - all short => USD getting strong from now on ]


Download rar - all 3 charts in it

[back]

Moves up toward first resistant level 0.7660 . Immediate resistance seen at 0.7660 followed by 0.7712 , while support seen at 0.7564

[TamaraKo]

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[Resolve]

This topic is being updated for further discussions...

[Resolve]

This topic is being updated for further discussions...