Analytics NZDUSD pairs based on the circular level, price channels and altered wave analysis.
06.11.2019 NZDUSD forecasts and trading recommendations
The general trend in the NZDUSD pair on H1 TF preserved upward. Formed downward H2 level construction. The wave (C) formed downward truncated M30 design level, which resulted in breaks of the inclined channel. The indicator Awesome Oscillator formed a bullish divergence, and the Stochastic Oscillator indicator shows oversold. Break of 0.6378 will give the formation of the ascending wave design.
Trade Idea NZDUSD:
NZDUSD traders to buy the pair above 0.6378.
Stop Loss - 0.6363.
Target levels - 0.6390; 0.6430; 0.6462.
By reducing the price to a local minimum, a trading plan is canceled.
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Analytics Grand Capital
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.