The Kiwi (NZD/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60933 which is a pullback support. Stop loss is at 0.60400 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 0.61575 which is a pullback resistance that aligns...
Head and shoulder formed on HTF resistance zone, looking for short term sells to next demand/support.
A comprehensive analysis spanning multiple timeframes presents a bearish outlook, augmented by fundamental factors. On the monthly chart, there's a clear rejection at a significant resistance level, indicating strong selling pressure at these price points. Shifting to the weekly timeframe, a notable observation is the breach of a critical support level, which has...
Preferred direction: SELL Comment: Metals , as well as major currency pairs, are prone to fall against the US dollar. Silver has already blocked the nearest targets for the fall, and most likely you can count on a small downward impulse. The situation with gold is more complicated. Here, for now, the instrument is not in a hurry to fall so much after...
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.6075 will confirm the bearish momentum. The measured move target is 0.6025. We look to Sell...
OANDA:NZDUSD is testing strong support at 0.6086, but the market is not forming a logical bounce or reversal. The price continues to test the support, which reminds us of the "Flag" pattern, the essence of which is the continuation of the movement. On the daily timeframe I marked the key level 0.61038. A false breakout is formed and there is no logical...
💵Pair Name : NZD/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— ☑️Bearish Break...
Preferred direction: SELL Comment: Previously, we considered a potential trade for this pair in terms of growth within the medium-term movement. This idea is relevant, but an update of local minima is expected in the near future. That is, a fall below 0.65200 is expected. Before the expected medium-term growth, the price will most likely touch the level of ...
Preferred direction: BUY Comment: The Japanese yen is most likely going to update last year's high; this is, surely, a longer-term target. About a more short-term idea, we expect the US dollar to continue to strengthen. At the moment, the limit buyer continues to support growth for this pair. We highlight two scenarios for ourselves. Growth should not be...
Preferred direction: SELL Comment: This currency pair also most likely will not yet go into the same medium-term growth that we wrote about earlier this week (the same situation is with AUDUSD ). In the next 1-3 trading days, most likely the currency pair will sink further and update local lows. All events are currently taking place near the level of ...
Preferred direction: Neutral Comment: One of our best recent trades is long USDCAD . This trading idea has completely worked out and now we are already starting to look closely at selling. However, here too, the conditions and especially the entry point have not yet been formed. The most likely scenario (№1) is additional growth manipulation, as well as the...
The Kiwi (NZD/USD) could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.61330 Why we like it: There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 0.61856 Why we like it: There is a pullback resistance that aligns close to the 38.2%...
If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
NZDUSD - 24h expiry Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6100 will confirm the bearish momentum. The measured move target is 0.6050. We look to Sell at 0.6125 (stop at 0.6149) Our profit...
Hello guys, I hope you are doing well. Gold moved up from a four-hour demand area with the confirmation of the hammer candle that I told you yesterday, it has now reached a four-hour supply area, which I refined to the 1-hour and 15-minute areas. -If the four-hour candlestick above the dashed line I drew closes, other sell positions have higher risk.You should...
✅NZD_USD already made a Nice rebound from the Horizontal support level of 0.6084 And we are locally bullish biased So I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-USD has retested The horizontal support Of 0.6085 and we are Already seeing a bullish Reaction so I think that The pair will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#NZDUSD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #NZDUSD. NZDUSD is in the consolidation phase right now. Here we cans see that we had two strong levels. One is major support and and other is the major resistance. If any breakout UP/DOWN then our target will be the...