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Tuesday, April 11, 2017

[FOREX NEWS] Dortmund Explosion is the latest in geopolitical worries – more downside for USD/JPY?

A bomb exploded in the German city of Dortmund, just by the hotel where Borussia Dortmund players were staying. According to initial reports, Marc Bartra, a Catalan player of the team, was injured. While there are no details so far, the incident jumps to the headlines and there are fears of a terror attack. This saddening [...]

The post Dortmund Explosion is the latest in geopolitical worries – more downside for USD/JPY? appeared first on Forex Crunch.



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[FOREX TIP] EURNZD Free Forex Trading Signals – 11th April 2017

EURNZD has been choppy on big time frames lately. The price was bearish, but solid trend was not there on the H4 or H1 charts. There was an important level of support to be broken at 1.52000. That level again proved to be too strong a support to break. In fact, the pair has produced some strong H1 bull candles. More to go with it, a strong level of resistance at 1.52410 area has been broken. These equations suggest that buying EURNZD on a pullback continuation would get buyers some green pips. Let us have a look at the EURNZD H1 chart…

EURNZD Free Forex Trading Signals – 11th April 2017

As we see on the chart that although the price came down, but sellers were not that confident. Nevertheless, the price came up to 1.52000 area and then went up to 1.52410. The level acted as a level of resistance, but today it got broken a nice looking H1 bull candle. The next candle kept going up. Thus, the best thing to do would be waiting for the price to come back all the way up to 1.52410 level again. If we get an H1 reversal candle at 1.52410, then, the price would go up to 1.53100.

Let us have a look at the summary of the trade

  • Buy Stop Order: 1.52410
  • Stop Loss Level: 1.52000
  • Take Profit Target: 1.53100

This is one of the most reliable trading patterns. Thus, those who are not familiar with this setup, they are advised that they should study and learn more about pull back continuation.

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: EURNZD Free Forex Trading Signals – 11th April 2017

The post EURNZD Free Forex Trading Signals – 11th April 2017 appeared first on Advanced Forex Strategies.



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