AccentForex - Analytics

    AccentForex

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    Analysis NZD/USD

    Analysis NZD / USD follows.

    For H4 Fibonacci built for impulse (0.66653 – 0.71478)
    1. Over the last 2 weeks 3 level touch was recorded (0.69631) 61.8 Fibonacci.
    2. Once there was a false break of the uptrend in the top border and thus, the price has gone beyond the level (0.71474) 100 Fibonacci.
    3. At the same time, now the price has returned to the scope of the trend, and continues to move between levels 100 and 61.8.

    4. Probably the movement along the top border of the trend will lead to a breakdown of the uptrend. In this case can be considered as the first purpose of the buying – the level of 161.8 (0.76705). Fibonacci was built according to the impulse (0.66653 – 0.72914).
    5. If the price will fall and start a correction downward movement to the upward trend, the first target can be considered a level of 0.69109 (50 Fibonacci). After that – the lower boundary of the uptrend.
    6. Stochastic shows oversold – is a signal to sell.

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