NZDUSD - Intraday - We look to Sell at 0.6498 (stop at 0.6523)
Posted Mixed Daily results for the last 6 days. Inside Soldiers have been posted on the daily chart. However, with the intraday chart now highlighting higher lows we are possibly forming an ascending triangle pattern. The previous swing high is located at 0.6498. Bespoke resistance is located at...
Bearish run kicked off on 22/07 and dropped in excess of 400+ pips; this run had ended on 7th August at which bulls made an attempt for a recovery- now there seems to be a pullback before the pair potentially shoots upwards. DXY cleared the 98 hurdle but seems to have come to resistance at FIB level.
Fundamentals: The pair remained on the defensive and traded...
RBNZ surprised the market by cutting interest rates by 50 basis points when only 25 points was priced in.
After a sharp drop following the decision, buyers eventually came in and pushed price back up to trendline resistance.
A break above resistance and we could see a push up to 0.6540 level before another potential move to the downside
Hi all, here is NZDUSD, the discount entry was last night for this one! Managed to catch this with a pending order, targeting the next market structural high on the D1 as a swing trade. We could see a pullback to discount before the market rallies up.... still a nice position to hold. NZD interest rate decision could spike further volatility in this pair, which...
Price has pushed right down to a key level from where price reacts on numerous occasions and we have a bullish engulfing candle on the 4h chart suggest a trend reversal. RSI also oversold.
I've gone long on this and marked my tp1 and tp2 for you as well.
Let me know your thoughts.
Trade safe and good luck.