Forex VPS
Link https://www.cryptoder.com/en
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

Kiwis trades in between 50% Fibos & 21EMA, spikes at 2M highs : FxWirePro | December 28, 2017



Print PDF

NZDUSD 0.54% intermediate bulls test support at 50% Fibonacci retracements from the highs of 0.7558 levels. Ever since then, sharp rallies have gone above 7EMA.



For now, the current prices are hitting 2-months highs.



Your keen observation is needed to figure out the price behavior that is stuck in the range between 50% Fibos and 21EMA.



The current rallies manage to break-out these levels, then the extension of bullishness upto next stiff resistance of 0.7233 seems most likely.



Thus, we urge you to be aware of the pair’s stalling exactly at 0.7092 (0.7099 – 21EMA), the trend currently is stuck between 0.6874 and 0.7099 levels (refer monthly chart).



This is where the bulls seem to have given up the momentum in the uptrend, both leading oscillators have approached above 70 levels and signaling up overbought bought sentiments.



Both leading oscillators have indicated the losing strength and momentum in the previous rallies on daily plotting. But the momentum now seems to be slightly indecisive.



Well, on a broader perspective, the pair likely to form bullish engulfing candle in this month, but the major trend has resumed stern bearish swings in the previous months that has slid below EMAs after the failure swings at these supply areas, we seek more clarity from the both leading as well as lagging oscillators (on monthly plotting).



We’ve already stated in our previous post also that this pair pops up with the bearish pattern candles (like shooting stars and gravestone doji ) that have hampered the momentum in the consolidation phase to retrace upto 50% Fibonacci levels that is where the intermediary bulls test supports.



Since it is traced heaps of bearish indications on daily as well as monthly terms, we wouldn’t foresee sharp rallies in the near run.



Well, contemplating above technical rationale in daily terms, we advocate boundary binary options strategy. Use upper strikes at 0.8009 and lower strikes at 0.7074, these leveraged instruments are likely to fetch magnified effects in payoff structure as long as underlying spot FX keeps dipping.



Alternatively, on hedging grounds, we recommend shorting mid-month month futures as the underlying spot FX likely to target southwards 0.68 levels in the medium run.



Writers in a futures contract are expected to maintain margins in order to open and maintain a short futures position.



Currency Strength Index: FxWirePro's hourly NZD spot index is inching towards 56 levels (which is bullish ), while hourly USD spot index was at -170 (highly bearish ) while articulating (at 06:48 GMT             ).



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !