Forex Technical Analysis of NZDUSD for June 22, 2015 | Forex Signals Market
Sunday, June 21, 2015

Forex Technical Analysis of NZDUSD for June 22, 2015

Support                            -   S1 : 0.6886 | S2 : 0.6863 | S3 : 0.6837
Resistance                       -   R1 : 0.6936 | R2 : 0.6961 | R3 : 0.6985  
Main Trend                     -   Bearish
Intraday Trend              -   Bearish


Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:



Forex Technical Analysis

4H Chart


The area  0.69080  – 0.69269  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 0.69585, 0.69850, 0.70240, 0.70475, 0.70726.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 0.68757, 0.68158, 0.67800, 0.67472, 0.66800.

1H Chart


The area  0.68959  –  0.69027  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 0.69200, 0.69370, 0.69500, 0.69668, 0.69865, 0.70000, 070435.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 0.68790, 0.68650, 0.68496, 0.68200, 0.67950.

Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.

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