{"id":11763,"date":"2022-01-24T10:15:13","date_gmt":"2022-01-24T10:15:13","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11763"},"modified":"2023-05-08T10:18:30","modified_gmt":"2023-05-08T10:18:30","slug":"nzdusd-approaching-a-buy-zone","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/01\/24\/nzdusd-approaching-a-buy-zone\/","title":{"rendered":"NZDUSD approaching a buy zone"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>NZDUSD has been trading within a Channel Down since the start 2021. The RSI on the 1D time-frame has successfully provided very accurate buy signals within a zone that is currently very close to.<\/p>\n<p>The price itself is approaching the bottom (Lower Lows trend-line) of this long-term Channel Down and it resembles (also on RSI terms), the July &#8211; August bottom fractal, which made its Lower Low after the sell-off of August 17 &#8211; 19. Currently we are on an equally bearish streak since the rejection on the 1D MA50 (blue trend-line), which indicates that the pair is close to making a bottom (Lower Low) and start rising towards the Lower Highs (top) trend-line of the Channel.<\/p>\n<p>Every rebound to a Lower High reached the middle of the 0.618 &#8211; 0.786 Fibonacci retracement zone. Our target on the long-term is 0.7000.<\/p>\n<p>&nbsp;<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/NZDUSD\/rkntByju-NZDUSD-approaching-a-buy-zone\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/NZDUSD\/rkntByju-NZDUSD-approaching-a-buy-zone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; NZDUSD has been trading within a Channel Down since the start 2021. The RSI on the 1D time-frame has successfully provided very accurate buy signals within a zone that is currently very close to. The price itself is approaching the bottom (Lower Lows trend-line) of this long-term Channel Down and it resembles (also on<\/p>\n","protected":false},"author":611,"featured_media":11764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-11763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11763"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11763\/revisions"}],"predecessor-version":[{"id":11766,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11763\/revisions\/11766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11764"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}