Forex Trend Charts NZD/USD 9-11-2013

The NZD/USD is ranging on the D1 time frame below 0.8150 as indicated by the trend chart below. The current resistance area to break out of the range is at 0.8150, see the yellow line. Traders can set a price alert at that point. When the alert hits price check The Forex Heatmap® to validate your buy trade entry point. The target resistance area is up to the 0.8500 resistance area, so there is around 350 pips of potential on this trade. Up trends on the larger time frames should form above the current 0.8150 resistance if it breaks out. The trend chart you see is exponential moving averages we provide to our clients at no cost, and price alerts can be set at breakout areas of support and resistance.

Forex Trend Charts NZD/USD

Forex Trend Charts NZD/USD 9-11-2013

When a currency pair is ranging (oscillating) inside of support and resistance it is okay to trade these pairs, as long as you use parallel and inverse analysis and can see the reversal points. Generally speaking when pairs break out of support and resistance ranges, many other pairs will also be breaking out as will as the money starts flowing in and out of several currencies.

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