Trader, analyst and instructor with a 6-year experience

Trading NZD/USD with Leonid Vereschagin

L. Vereschagin, independent analyst and trader

Chart 1. Daily NZDUSD

Technical analysis of NZDUSD gives out clear bullish signals:

  • uptrend (D1 trend line)
  • yesterday's candle confirmed the bullish dominance

Chart 2. H4 NZDUSD

Trade signal

Buy in a range: 0.8540-0.8600

Stop Loss: 0.8470

Take Profit 1: 0.8670

Take Profit 2: 0.8790

0.8790 (TP2) is a weekly resistance and our main target. 

Chart 3. H1 NZDUSD

Conclusion: BUY signal confirmed

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