18.08.201513:36 Forex Analysis & Reviews: Technical analysis of NZD/USD for August 18, 2015

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Trading recommendations:

According to the previous events, the NZD/USD pair has been still moving between 0.6641 and 0.6517. Besides, the resistance has already been set at the level of 0.6641. Therefore, it will be a good sign to sell below 0.6641 with the first target of 0.6517. If the trend breaks the weekly pivot point, it will call for a downtrend in order to continue its bearish movement towards 0.6467 with a view to double bottom. On the other hand, the stop loss should never exceed your maximum exposure amounts, so the stop loss should be placed above the resistance at the price of 0.6694. It should be noted that the key level is set at the levels of 0.6641 and 0.6467.

Notes:

It should be noted that the key level is set at the levels of 0.6641 and 0.6467.
Moreover, the 0.6617 level is coinciding with the weekly pivot point on August 18, 2015.
We expect a range about 174 pips (0.6641 - 0.6467) in coming days.
Equally important, the resistance has been already formed at the 0.6641 level.
As it is known, history will probably repeat itself at this level again.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.