Long-term trading signals on NZDUSD, NZDJPY and NZDCHF (July 2018)

NZDUSD
Order: Buy
Entry date: June 29, 2018
Entry price: 0.6777
Stop loss: 0.6573
Take profit: None
Exit date: July 30, 2018
Status: Open

NZDJPY
Order: Buy
Entry date: June 29, 2018
Entry price: 75.02
Stop loss: 72.98
Take profit: None
Exit date: July 30, 2018
Status: Open

NZDCHF
Order: Buy
Entry date: June 29, 2018
Entry price: 0.6700
Stop loss: 0.6500
Take profit: None
Exit date: July 30, 2018
Status: Open

NOTE
NZD has long been weak versus major and minor currencies, and NZD pairs are extremely over-extended and thus, good candidates for reversals. The anticipated reversals can become changes in trends in certain cases or medium-term reversals which would bring nice profits for the holding period. For example, NZDJPY has reached major demand zones and its price action is showing signs of a bullish reversal.

The more the market goes in a direction, the stronger the reversal will be when it occurs. Currencies are particularly very good at reversing after they have become overbought and oversold for a long period of time.

Please don’t enter this trade without the recommended stop loss, and don’t risk more than 1% of your portfolio per trade.

More signals are coming.

 

RECENT RESULTS
July 2018
NZDUSD Buy, Open =
NZDJPY Buy, Open =
NZDCHF Buy, Open =

Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.

 

Source: www.tallinex.com

 

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