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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: ideal bullish rebound

Leonid Varfolomeev

The pair managed to stay above the level of 4/8 (0.6836). Bullish trend as well as growing STH4 allow to talk about further growth. Return to the area of STD1 is unlikely, but even in this case the scenario with the growth will not change. The first target is the level of 7/8 (0.7019), upon achievement of which, the pattern 4/8 - 7/8 will be completed. The breakdown of the level 7/8 will lead to the achievement of the main goal at 8/8 (0.7080).  

Trading recommendations:

1. Buy – 0.6890; sl – 0.6850; tp – 0.7000.

 

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