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Intraday commentary on patterns

NZDUSD Three Inside Up Hourly Chart

Fri, Jul 6 2012, 12:03 GMT
by Mark De La Paz | FX Instructor

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Resistance: 0.8038 strong/0.8072 moderate/0.8108 minor

Support: 0.8002 moderate/0.7969 minor/0.7933 minor

We have a Three Inside Up in NZDUSD Hourly charts suggesting a possible bounce in prices. The immediate support at 0.8002 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 0.8002 the immediate target will be the daily pivot point at 0.8038, break of which suggests a further rally to 0.8072. Stops ideally should be just under 0.8002.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices

Published On Fri, Jul 6 2012, 12:05 GMT Previous entries

Mark De La Paz

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Mark's interest in financial markets has been an ongoing affair, starting from college, where he dabbled in the local equity markets with his college fund. Finishing his BA in Public Administration, Mark remained passionate about trading, and started out working in the niche brokerage business among bank traders.

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Brian Twomey: EURUSD I'm currently short, TP 1.3246 &1.3182, but I see prior TP of 3100's &3000's yet to fullfill

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Intraday commentary on patterns

NZDUSD Three Inside Up Hourly Chart

Daily Live Trading Room

Mark De La Paz

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Legal disclaimer and risk disclosure

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