ImranMughal99's Blog
NZDUSD DOWN TREND
the instrument is in the correction in the upper part of Bollinger Bands. The indicator is pointed upwards, as the price range has narrowed, the correction of the downward trend is still relevant. MACD histogram is in the positive zone, keeping a strong buy signal. Stochastic is ready to enter the oversold area.
NZDUSD UP TREND NEXT MONTH
According to technical indicators, short positions could be opened from the current level with the target at 0.7230 and stop-loss at 0.7140. Long positions may be opened from the level of 0.7330 with the target at 0.7380. Stop-loss is at 0.7200 mark.
NZDUSD DOWN TREND NEXT MONTH
Pair will decrease to the levels of 0.7355, 0.7330. However, further growth of the pair to the level of 0.7480 is possible, and then a downward correction from this mark. Technical indicators on the H4 chart are regrouping, the volume of long positions on MACD indicator is reduced, and Bollinger Bands are lined up horizontally. Short positions may be opened from the current level; pending buying positions can be put from the local maximum level of 0.7430 with targets at 0.7200, 0.7180, and the s…
NZDUSD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.7182 I expect the pair to be trading near 0.7416 towards the end of the forecast period which will conclude on the 2nd of October, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
NZDUSD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.7057 I expect the pair to be trading near 0.7156 towards the end of the forecast period which will conclude on the 3rd of July, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
NZDUSD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.6872 I expect the pair to be trading near 0.7068 towards the end of the forecast period which will conclude on the 1st of June, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
NZDUSD
MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.6986 I expect the pair to be trading near 0.6886 towards the end of the forecast period which will conclude on the 1st of May, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
NZDUSD
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.7093 I expect the pair to be trading near 0.7262 towards the end of the forecast period which will conclude on the 2nd of January, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
NZD/USD UP TREND ON NEXT MONTH
Charts: 4 HOUR,
The NZD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the NZD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
The NZD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the NZD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
NZDUSD OVER SOLDE
Charts: 4 HOUR,
The NZD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the NZD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
The NZD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the NZD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…