NZDUSD - REVERSAL SIGNAL?
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Chart Disclaimer : This is not advice or recommendation to trade. It is pure educational and general information only. Do your own research before you decide to buy/sell the markets. Be aware of the risks.
GBPNZD - BULLISH DIVERGENCE WITH PINBAR
In this post I will show you my view on GBPNZD pair. On daily chart, we can see there is a bullish divergence accompanied with a bullish pinbar. The price has been moving downward but these signals could be the sign for a reversal.
I am going to show you my view for EURAUD pair. I drew a trend line on daily chart and we can see that the price right now is at the trend line. Usually the price would bounce when it hits a trend line so I am looking to buy this pair.
EURAUD - Near Strong Resistance Level, Reversal Likely
*update 22/6/209 = closed the position, booked a loss
The pair has surged in the past few days and now approaching 1.6450 level. This is a really strong resistance area where we can see the price has bounced back down a couple times after reaching 1.640 level.