Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

NZD/USD: Buy on the Dips

Leonid Varfolomeev

Bounce from merger of CTD1 with level 4/8 (0.6836) didn't end with testing of a goal at the level 8/8 (0.7080). The fact that price fixed below 6/8 (0.6958) indicates the weakness of the "bulls". CTH4 color has changed, signaling the possibility of achieving the goal at 4/8 (0.6836). It is unlikely that the price did not react at least a minimal rebound from this level, given the upward trend with the corresponding color of CTD1. Therefore, the fall in the area of ​​4/8 should be regarded as an opportunity for purchases with a short-term goal at 5/8 (0.6897).

Trading recommendations:

buy – 0.6835; sl – 0.6800; tp – 0.6897.

Scroll to top