The four-hour chart of the NZD/USD currency pair indicates a neutral or ranging market. It is expected that market fluctuations will continue between the first support and the first resistance. Key levels: The first resistance is at 0.6149, considered the ceiling of the neutral phase. The second resistance for NZD/USD is at 0.6182. The first market support is at...
Greetings Traders, In today's trading session, we're closely watching NZDUSD for a potential selling opportunity around the 0.60850 zone. NZDUSD, previously in an uptrend, is now in a correction phase, nearing the retrace area at the 0.60850 resistance zone. Adding a fundamental layer to our analysis, recent positive USD data has influenced market sentiment. The...
A short position can be taken on the specified levels There is no position before reaching the surface
Hi dears It seems that we are at the beginning of a downward trend in the currency pair of the Australian dollar against the US dollar. The yellow area that I marked in the picture is the area for collecting orders in the coming weeks. I think we have the potential to reach lower levels. what is your opinion? Do you think it is possible?
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDUSD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
NZDUSD D1 - The price is moving in a downward channel and the 5th wave begins to form after the ABC correction. In continuation of the downward movement, you can wait for the target to the level at W1 - 0.57735 H4 - The price has broken through the lower trend line, forming a 3-wave structure, the target can be expected at the level of 0.59521 What can you...
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Take a look at our analysis for NZDUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.612. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
Preferred direction: SELL Comment: Before the Fed meeting, silver is still considered short, but at the moment there is no entry point. The best option would be to enter through pending orders before the Fed meeting. We highlight two login scenarios. The main one ( scenario №1 ) assumes entry after the formation of a false breakout at the level of 23.32250...
Preferred direction: BUY Comment: The setup for long the Canadian dollar has changed a little, but as you can see, the direction is still in favor of the buyer. Limit purchases will most likely show themselves soon. Most likely, you will have to hold the deal until the Fed meeting, and also possibly until non-farm. The main growth target is the level of ...
Preferred direction: SELL Comment: At the beginning of the week, the major currency pairs are showing quite mixed behavior, especially the currencies of the Pacific region. However, the medium-term and immediate prospects are still in favor of the US dollar . Regarding the New Zealand dollar , we expect a fall with a target at the level of 0.66000 . We...
Hey Trader, Check this analysis out on NZDUSD After the FOMC data that simply put Dollar in a more stable state, NZDUSD has successfully retested the previously used Resistance zone (Trendline) and is moving toward the downside as trend continuation, possibly after the break of the flag pattern Keep a close tab on this one.
Hi Traders! An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...
The Business Confidence report for New Zealand's NZD/USD reveals a positive shift in business sentiment, with a rise to 36.5 in January from the previous figure of 33.3. This indicates an optimistic change in how businesses perceive the economic environment. However, the NZD Activity Outlook, measuring firms' expectations for their own activity, witnessed a slight...
✅NZD_USD is going down now But a strong support level is ahead at 0.6072 Thus I am expecting a rebound And a move up towards the target at 0.6120 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
💹 Forex Quick Check: NZDUSD 📉 Trend: BEARISH 🚀 Action: SHORT @ 0.61078 🎯 TP: 0.60675 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #NZDUSD. We can see that it is in the bearish trend and now is forming a bearish wedge pattern, which is an indication of down trend continuation. We can take a short entry here after...
The Kiwi (NZD/USD) is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.61489 which is a pullback resistance. Stop loss is at 0.62000 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 0.60685 which is a pullback support. High...
As you can see, after last night's fall of gold up to $2020 due to the new liquidity vacuum, it was again accompanied by the demand to fill this FVG, and today it was finally able to enter the older FVG range of $2039 to $2046! As you know, this is an important supply range and I expect the price to react to this range! Today, there is important news in the market...