Pair: NZDUSD Prediction: Buy / Long
Hi traders , from my point of view I see a very clear inverted head and shoulders reversal pattern on this pair. The price after rising higher fell down to retest the neckline and seem to respect it. I see high chances of price rising higher up to 0.67097 but may stagnate at the indicated levels. I would appreciate your views on the pair in the comments section....
NZDUSD has been in a downtrend for quite some time. Scenario 1: On reaching to a strong support level it has formed what looks like a perfect inverted head and shoulders reversal pattern. Price is currently at the neckline and what we expect next is for it to move up a little bit then pull back for a retest of the neckline so that we can go long for the...
I believe NU is going to melt soon. Failing to sustain bullish momentum. For all my personal forex trades or forex education hit the link in my bio!
NZD/USD struggling to pull away from multi-year lows, trading below 0.6350. Coming up: ANZ Activity Outlook and Business Confidence reports. We can expect positive greater forecast than july 2019 and possible buy.
Price hit major support and bulls are already in for a swing trade buying from the dip. Holding this position for few months targeting 500-550 pips profit. Good luck guys
Possible pullback or may go straight through, will be watching for strong price action...
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Possibility is there for a move down from major rejection area.
So, what i think is that price were continuing rejection last week. The problem is that currently price were respecting the minor support at 0.6869. Its important to understand what the price says about this line, which yet remain to be seen.
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NZDUSD / TECHNICAL CHART ( ABCD COMPLETED )
Why is this so? Price following the double top & bearish divergence pattern. Price re-tested DT neckline but failed with bearish reversal. Combination of inside bar and key reversal usually indicating that price to accelerate lower towards 0.6600. Already sold at 0.6825. fb.com