US Stock Caterpillar: Monthly and weekly demand at around 75.59
18th November 2016
Amazon US Nasdaq Stock long bias at new daily demand levels
20th November 2016

NZDUSD is reacting to a weekly supply level around 0.7285 (dash lines). Two Daily supply imbalances have been created around 0.7100 and 0.7340 for shorts. The bigger picture is bearish, the US dollar is weakening which is also helping the NZDUSD to drop by removing demand levels and creating new daily supply zones to short. No longs are allowed in a bigger picture supply and demand trend.

 

nzdusd_d1

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

6 Comments

  1. Luca says:

    Hi Alfonso,

    how did you get a descending weekly trendline?
    It should be up-out of alignment

  2. Bob says:

    Should any attention be paid to the dojis located around the 19th of July? Thanks

  3. Deepak says:

    The nearest supply level from the current price did not work in this trade ? Prices have piecered

    Am I right ?

Leave a Reply

Your email address will not be published. Required fields are marked *

Thanks!

CLICK HERE TO VISIT! right_sectionMake sure you browse the trading channels and see how Set and Forget community works.

- Like minded supply and demand traders all trading with the same rule set

- Daily live setups posted before they happen, no hindsight

- Individual channels for each Forex pair, Stock, Commodity, each instruments has its own trading channel

- Participate in yearly community meetups with daily live trading

- Access to a large resource of archived video content with hundreds of hours of live analysis and webinars.

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.