NZD/USD has broken below an overlap support and could potentially drop lower towards our take profit target. Entry: 0.61073 Why we like it: There is a potential breakout level Stop Loss: 0.61583 Why we like it: There is a pullback resistance level Take Profit: 0.60350 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci...
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.
NZD looks very solid and the USD is loosing strength across the board. I think we will see the kiwi coming back, other pairs are getting weaker against the NZD as well like the British pound which I'm shorting. We can also see a potential double bottom fotming. I just opened a long position and expecting for a breakout soon.
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.
Kiwi has been on a great run but I'm seeing this come to the top of it's range and expecting a correction, whilst at the same time seeing Aussie building momentum, so I'm thinking this is a good pair to trade this week. We have quite a lot of fundamentals, with RBA and RBNZ meetings, but I think overall price action will look like this when everything balances...
NZDUSD is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 0.60857 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci projection level Stop Loss: 0.61274 Why we like it: There is an overlap resistance that sits above the 78.6% Fibonacci...
The Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.60486 which is a multi-swing-high resistance. Stop loss is at 0.61150 which is a level that sits above a confluence of Fibonacci levels i.e. the 127.2% extension and the 78.6% projection levels. Take profit is at...
The Kiwi (NZDUSD) could rise towards a multi-swing-high resistance and potentially reverse off this level to drop lower towards our take profit target. Entry: 0.60488 Why we like it: There is a multi-swing-high resistance level Stop Loss: 0.60800 Why we like it: There is a resistance level that sits above the 161.8% Fibonacci extension level Take Profit:...
The Kiwi (NZD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.59997 which is a pullback support. Stop loss is at 0.59750 which is a level that sits under the 23.6% Fibonacci retracement level. Take profit is at 0.60486 which is a multi-swing-high resistance. High Risk Investment Warning...
EUR/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.79968 which is an overlap support that sits under the 61.8% Fibonacci retracement level. Stop loss is at 1.78600 which is a level that sits under a swing-low support. Take profit is at 1.82605 which is a pullback resistance. High Risk...
AUD/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.07820 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.07300 which is a level that sits under a confluence of Fibonacci levels i.e. the 61.8% retracement and 78.6% projection...
Hey Traders, Take a look at this analysis on NZDCHF. It's advisable to wait for a breakout either below or above the flag pattern, which appears to be forming gradually on the RSI indicator. Keep a close eye on this development.
The Kiwi (NZD/USD) is approaching an overlap support. Could the bearish momentum trigger a breakout below this level to drop lower? Sell entry is at 0.59171 which is an overlap support. ( Wait for confirmation of bearish breakout on the 1hour timeframe. ) Stop loss is at 0.59530 which is a level that sits above the 38.2% Fibonacci retracement level. Take profit...
NZDJPY is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 89.696 Why we like it: There is a pullback resistance level Stop Loss: 89.919 Why we like it: There is a swing-high resistance level Take Profit: 88.940 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci...
NZDUSD could fall towards an overlap support and potentially break below this level to drop lower towards our take profit target. Entry: 0.59169 Why we like it: There is a potential breakout level Stop Loss: 0.59423 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Take Profit: 0.58667 Why we like it: There is...
As we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel. We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal. I'm...
NZDUSD is rising towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.59284 Why we like it: There is an overlap resistance level Stop Loss: 0.59893 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 0.58575 Why we like it: There is a...