FX.co ★ Razique | NZD/USD

Trading plan for forecasting the market movement of the New Zealand Dollar / US Dollar currency pair. The analyzed timeframe is 4 hours. Let’s perform a detailed analysis of the current market movement of the instrument, focusing on the signals of the linear regression indicator Extended Regression StopAndReverse, as well as confirming indicators of the RSI and MACD oscillators. The coincidence of the signals of the three named indicators, with a high percentage of the probability of positive processing, will tell us the optimal point to enter the position. For successful trading and getting the desired profit, it is equally important to correctly choose the right exit point from the market. The Fibonacci grid stretched over the extremes of the period under consideration, will help us with this. When quotes reach corrective Fibo levels, the transaction can be closed. The linear regression channel on the selected time frame (time-frame H4) has a downward direction, which emphasizes the presence of sellers in the market and their interest in the further continuation of the downward trend movement. Moreover, the greater the angle of inclination, the stronger the current downward trend. At the same time, the nonlinear channel, which is used to predict the near future, is colored yellow-green and indicates a further decline in the instrument’s quotes, as it is directed towards the south. The price crossed the blue support line of the linear regression channel 2nd LevelSupLine but reached the minimum value (LOW) of quotes of 0.58474, after which it stopped its decline and began to gradually grow. At this point, the instrument is trading at a price level of 0.59446. Based on all of the above, I expect market price quotes to return and consolidate above the 2-nd LevelSupLine (0.60512) channel line of the 50% FIBO level and further move upward to the golden average line LR of the linear channel 0.60819, coinciding with the Fibo level of 61.8 %. An additional argument in favor of making a transaction is the fact that the indicators of the RSI (14) and MACD indicators also confirm the correctness of the entry into purchases since they are located in the oversold