hello guys NZDUSD Formed an inverted head and shoulder on a daily key level during the formation the price rejected a supply zone many times it also plays now as a neckline for the pattern if the price manages to break and retest it may be a very good entry for a buying opportunity
Kiwi is firm a bull flag that will send it to 0.6300 level. Bull has upper hand and no selling pressure at this time. Trade safe. Have a good week.
Kiwi will go down again after nice pullback to 0.6200 area. Double top will firm and after that, price will fall to middle line of broad channel. Have a good week. Trade safe.
A couple days back I wrote that the NZD/USD was up against the roof of a descending channel. I anticipated a breakout and entered long @0.60995. Short, medium, and long term indicators support a strengthening Kiwi against the USD.
Previous forecasts have been achieved, prices have dropped below 0.5859. A price pivot zone near 0.5810, which appeared a year ago, has been reached. We believe it is possible to begin cautious purchases (high risk). Our trading strategy indicates that an upward reversal will occur when levels around 0.5930 are reached on Monday-Tuesday of the upcoming week....
to trigger this Large HVF! Currently has a bull flag, that has a target to break this 1.80 level #DollarMilkShake
The movement has become more complex, but the overall market picture continues to align with our expectations. After a considerable upward momentum, there was a swift decline. Our trading strategy signals and confirms of the downward impulse completion, suggesting a possible, albeit relatively deep (we do not exclude a rise even up to 0.6000), short-term...
Since the end of August until now, we have seen multiple breakouts of both highs and lows, but the market has yet to establish a clear direction. We believe that there is intentional stop-loss hunting and positioning for a subsequent upward move. The positioning is not yet complete. Therefore, we expect a new downward wave. According to our strategy, the first...
A short trade opportunity recently presented itself on the kiwi-dollar trading chart 📉. This is indicated by the bearish engulfing candlestick 🕯️ pattern just on the 0.60210 horizontal resistance level. This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction. Sufficient downward momentum should see...
NZDUSD is still bearish but I see first opportunity for long. Structure is good but I need pattern on H4 or H1. This is my view.
Hello, traders. The support and resistance level of 0.620 may soon be reached by the New Zealand dollar, which is currently going through a correction phase. The trend is downward at the moment. Throughout this trading week and the one after it, we'll keep an eye on NZDUSD in case a selling opportunity appears at the 0.620 zone. We've launched a short position to...
Hello Traders, today i will trade again the FX:NZDUSD for three reasons: -The first reason is that the FOMC will most likely not raise interest rates from September, considering that interest rates at 5.25%-5.5% on the dollar are at 22 year highs and inflation seems to be slowing down (at least in the markets). -The second reason is that with a drop of 133...
The forex world is shifting, Aussie and Kiwi are coming back, US Dollar still sucks and Canadian Dollar is being dumped like dirty water, good job North America :S. Look at chart, this massive wedge, is very early to tell if is going to break out but I'm taking the shot here. I just opened a moderate position, not too ambitious. I'm going to start building my...
There are a growing number of calls for the RBNZ to deliver a hawkish 25bp hike tomorrow, due to the government's 'inflationary' budget delivered last week. This could also potentially result in the RBNZ upgrading their terminal rate in their quarterly forecasts. NZDUSD is consolidating on the 4-hour chart, having found support above the 200-day EMA. RSI (14)...
NZDUSD is nearing a key overlap support. Price could hit our buy entry at 0.61338 and bounce to the up side to hit our take profit at 0.62245 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement. Stop loss is at 0.60933 which is an overlap support. Any opinions, news, research, analyses, prices, other information, or links to...
Trade Idea: Selling NZDUSD Reasoning: Double top confirmed on the Daily. Bearish flag on the 60min. Entry Level: 0.6153 Take Profit Level: 0.6022 Stop Loss: 0.6177 Risk/Reward: 5.56:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
The combination of hawkish Fed speak and firmer inflation has seen the US dollar strengthen overnight. But we're interested in shorting the Kiwi dollar against it, given yesterday's lower forecasts for 2 and 3-year inflation forecasts by RBNZ. It should be noted that RBNZ hold their monetary policy meeting on Wednesday February the 22nd, and there has been call...
Trade Idea: Buying GBPCAD Reasoning: Fading NZDUSD into resistance Entry Level: 0.6365 Take Profit Level: 0.6270 Stop Loss: 0.6393 Risk/Reward: 3.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...