NZDUSD buy trade idea 31 08 2021

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SL: 0.7022

TP1: 0.7072

TP2: 0.7092

TP3: 0.7112

Signal Analysis by LCMS Traders 

Currency Pair: NZDUSD

BUY NZDUSD 0.7052 

Timeframe: H1

Step 1 - Previous News: NZD: Building Consents slowdown, USD: -

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators 

- Bollinger Bands: slightly out

- MACD: both up

- Stochastic: H4 heasing up

- PSAR: bullish

Step 5 - Upcoming News: NZD: -, USD: Conference Board Consumer Confidence 2200hrs

NZDUSD buy trade idea 31 08 2021

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