Since last week that the NZDUSD is trading in a bullish market condition, it was clearly rejected from an important LT support level around 0.7555. I’m currently looking for long opportunities just where the NZDUSD is currently trading at:
The next LT resistance level is around 0.7776, we have plenty of room to get a good risk-reward ratio.
Trade Safe!
Raul Lopez
Forex Training
A few days back I posted about these two currency pairs, since then, the market conditions have changed, so here is an update:
The NZDUSD broke the bottom of the short term range, but it retraced and didn’t follow through. We need to redefine the new range, here is the new one:
New range: 0.7588 and 0.7508, I’ll wait for the market to break this range before looking for any trade opportunity.
We had the USDCHF in a bearish market condition, it broke the short term range, but based on how it has been trading in the last hours, I think it would be best to redefine the ST range and define a new one:
New range: 0.9565 to 0.9773. We are still waiting for the market to break the range before we start looking for a trade opportunity.
EURNZD Trade update: The order has been canceled, it closed below the low of our trigger pattern.
Trade Safe!
Raul Lopex
Forex Training
The NZDUSD just broke through an important LT support level triggering a bearish market condition:
As long as the NZDUSD trades below 0.7543 I’ll be looking for short opportunities.
The next LT support level is at 0.7358
Trade Safe!
Raul Lopez
Forex Training
The NZDUSD is trading in a short term range, in a bullish market condition:
I’d like to see how the NZDUSD behaves around the short term support level at 0.7624, if I see a significant pattern with upward pressure I’ll definitely go long.
Trade Safe!
Raul Lopez
Forex Courses
The NZDUSD broke through an important LT resistance level earlier this morning, triggering a bullish market condition. Only long opportunities are in play (short opportunities will be ignored):
The next LT resistance level in the NZDUSD is at 0.7937.
Trade Safe!
Raul Lopez
Price Action
Earlier this morning the NZDUSD broke through an important ST resistance level triggering a bullish market condition:
I’m currently looking for long opportunities in the NZDUSD (all short opportunities will be ignored).
The next LT resistance level in the NZDUSD is at 0.7344
Trade Safe!
Raul Lopez
Forex Training
Please take a look at the NZDUSD 4H chart:
NZDUSD
The NZDUSD still is in a bullish market condition, there might not be a lot of pips from where the market is trading right now to the next LT resistance level, but we could expect the NZDUSD to continue moving up, until it hits the LT resistance line.
I will be looking for long opportunities in the NZDUSD. (We need to be careful though with the AUD interest rate announcement, these two currency pairs are highly correlated).
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The NZDUSD is trading in a bullish market condition, earlier the NZDUSD broke through the ST resistance level triggering the bullish market condition:
NZDUSD
I will be looking for long opportunities in the NZDUSD as long as it continues to trade above 0.6682
Trade Safe!
Raul Lopez
http://www.straightforex.com/
The NZDUSD has been trading in a short term range in the last few days, but apparently it is out of that range already triggering a bullish market condition:
NZDUSD
At least the short term resistance has been broken and therefore I am going to be looking for long opportunities until the market reaches the next LT resistance level.
My Plan:
As long as the NZDUSD keeps trading above 0.7093 I will be looking for long opportunities
All short opportunities will be ignored
Trade Safe!
Raul Lopez
Even though today we must be careful because of the FED’s Interest Rate announcement, the NZDUSD is still in a bearish market condition, and it will continue to be bearish as long as the market continues to trade below 0.7225:
NZDUSD
Here is my plan:
As long as the NZDUSD continues to trade below the 0.7225 ST resistance level, I will be looking for short trade opportunities. My next LT support level is at 0.7086
All long opportunities will be ignored.
Trade Safe!
Raul Lopez
After a long weekend (not because of the labor day in the US and Canada, but because last Fridays NFP announcement) I think the NZDUSD represent one of the best trading opportunities this week, earlier during the Asian sessions the market broke an important resistance long term level. What is more interesting is that the next long term resistance level is around 0.7152, more than 200 pips where the market is trading right now. Please take a look at the next chart:
My Trading Plan:
As long as the NZDUSD keeps trading above the long term support level, I will be looking for long opportunities. All take profit orders will be placed below the next long term resistance level at 0.7152
All short signals will be ignored
Good luck
Raul Lopez
Since last Friday, the NZDUSD has been trading in a bearish market condition (was rejected from its main long term resistance level at 0.6884). Today, during the Asian and European session the market headed south, but it still has room to continue its way down. Please take a look at the next chart:
It’ll probably continue its way down until it reaches the next long term support level around 0.6540.
My Trading Plan:
Look for short trading opportunities, I will place all take profit orders above the next long term support level.
Good luck!
Raul Lopez
A few days back I wrote about the New Zealand Dollar, I was waiting for the market to break either side of the short term trading range, and that it would define the market condition and the direction to trade. Well, the NZDUSD broke the main short term support level, creating a bearish market condition. Please take a look at the next chart.
NZDUSD
The short term range I’m talking about is between those two green lines. It broke the one in the bottom, so, right now we are looking for short trading opportunities in this currency pair.
Here is my trading plan:
As long as the market keeps trading below 0.6536, I will be looking for short trading opportunities targeting 0.6242.
All long opportunities are out of play.
Good luck.
Raul Lopez
Last week I wrote about a possible breakout happening in the NZDUSD, it did brake, however it kept ranging in a pretty tight range, a short term range in between 0.6529 and 0.6621. Please take a look at the next chart.
NZDUSD
After 6 trading days in that range, now its about time we see some action, and we need to be prepared for that.
Here is my trading plan:
If the market breaks 0.6621 for the upside, I will be looking for long opportunities targeting the next LT resistance level around 0.6913.
If the market breaks 0.6529 for the downside, I will be looking for short opportunities targeting the next LT support level around 0.6242
If the market keeps trading in that little range, I will do nothing.
Good luck
Raul Lopez
