NZDUSD BUY trade idea 25 08 2021

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 #OPINIONLEADER#  #Signal#

BUY NZDUSD 0.6955 

SL: 0.6925

TP1: 0.6975

TP2: 0.6995

TP3: 0.7015

Signal Analysis

Currency Pair: NZDUSD

BUY NZDUSD 0.6955

Timeframe: H1

Step 1 - Previous News: NZD: Not increasing interest rates last week was due to communication challenges and not economic risks, USD: New Home Sales increase in the number

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: touch

- MACD: fast up, slow turning

- Stochastic: H4 heading down

- PSAR: bullish

Step 5 - Upcoming News: NZD: -, USD: -

 

NZDUSD BUY trade idea 25 08 2021


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