{"id":13560,"date":"2023-04-24T10:09:10","date_gmt":"2023-04-24T10:09:10","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13560"},"modified":"2023-05-22T10:11:29","modified_gmt":"2023-05-22T10:11:29","slug":"nzdusd-trade-long-term-based-on-this-channel-down","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/04\/24\/nzdusd-trade-long-term-based-on-this-channel-down\/","title":{"rendered":"NZDUSD Trade long-term based on this Channel Down."},"content":{"rendered":"<p>The NZDUSD pair is trading within a Channel Down pattern, having just broken below the 1D MA200 (orange trend-line). The short-term Resistance is the 1D MA50 (blue trend-line). The key here is the 0.60850 Support. As long as it holds, expect a rise back to the top of the Channel Down, with our target being at 0.63000. A closing below the 0.60850 Support, will be a sell signal for us, targeting the bottom of the Channel Down at 0.59000.<\/p>\n<p>On the longer term, if the price breaks above Resistance 1, we&#8217;ll target Resistance 2 at 0.65435. Only a break above the top of the 2 year Bearish Megaphone can justify more buying.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/NZDUSD\/orJHwy0q-NZDUSD-Trade-long-term-based-on-this-Channel-Down\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/NZDUSD\/orJHwy0q-NZDUSD-Trade-long-term-based-on-this-Channel-Down<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NZDUSD pair is trading within a Channel Down pattern, having just broken below the 1D MA200 (orange trend-line). The short-term Resistance is the 1D MA50 (blue trend-line). The key here is the 0.60850 Support. As long as it holds, expect a rise back to the top of the Channel Down, with our target being<\/p>\n","protected":false},"author":611,"featured_media":13561,"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-13560","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\/13560","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=13560"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13560\/revisions"}],"predecessor-version":[{"id":13563,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13560\/revisions\/13563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13561"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}