NZDUSD sell trade idea 29 09 2021
SELL NZDUSD 0.6938
SL: 0.6968
TP1: 0.6918
TP2: 0.6898
TP3: 0.6878
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.6938
Timeframe: H1
Step 1 - Previous News: NZD: -, USD: FOMC member James Bullard expecting two interest rate hikes in 2022, Conference Board Consumer Confidence decline in the level of optimism, Fed Chairman Jerome Powell far from achieving its maximum employment goal
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: fast touch, slow turning
- Stochastic: H4 coming out from over sold
- PSAR: bearish
Step 5 - Upcoming News: NZD: New Zealand Building Consents tomorrow 0645hrs, ANZ Business Confidence tomorrow 0800hrs, USD: Fed Chair Powell Speaks 2345hrs. FOMC Member Bostic Speaks 0200hrs
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