Here is my view for NZDUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
On the 15M timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6040, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the resistance-turned-support zone at 0.6000. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
Here is my view for NZDUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZD-USD is trading in a Downtrend and broke Out of the bearish wedge So I think it will fall further !
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continued. According to the NZDUSD chart analysis, NZDUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
Very simple trading pattern forming in the direction of bigger picture trend. We will wait until we see a bullish correction on the smaller time frames before looking for an entry. Once this correction is complete we will then enter short as long as we think we can achieve a minimum of 1 to 3 risk reward on this particular trade.
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: We are here in a bearish market structure from 4H timeframe perspective, so I am looking for shorts from premium zone. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block. Like, comment and subscribe to be in touch...
NZDUSD - 24h expiry - We look to Sell at 0.6100 (stop at 0.6130) Previous support located at 0.6025. Previous resistance located at 0.6075. There is no indication that the selloff is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6025 will confirm the bearish momentum. Our...
The New Zealand dollar experienced a significant drop of over 2% on Wednesday, reaching its lowest level in more than three months at $0.6039. This decline followed the Reserve Bank of New Zealand's (RBNZ) expected decision to raise cash rates by 25 basis points to 5.5%. However, the central bank also hinted that it might conclude its tightening campaign, which...
#NZDUSD - NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update...
BLACKBULL:NZDUSD Got Pulled back on supply area and got rejected multiple times.broke stracture on 15M TF.rsi divergence on 15m tf as well,head and shoulder pattern for me. my entry point : Entry - 0.62842 Tp - 0.62423 Sl -0.63113 RR - 1:1.55
On the 15M timeframe, price broke below an ascending trendline and is showing strong bearish correction. A pullback to the resistance zone at 0.6290, which coincides with the 61.8% Fibonacci retracement, could present an opportunity to play the drop to the support zone at 0.6250. Price is holding below ichimoku clouds, supporting our bearish bias.
On February 2, 2023, the NZDUSD pair embarked on an impulsive move to the downside. Following this strong bearish activity, the pair entered into a consolidation phase that took on the form of a regular flat, which started on March 10, 2023. As of May 10, we've observed a significant breakdown outside of the flat correction pattern, indicating a likely...
We reversed on Friday. Like AUD, it traded a 50% short level in NY morning session and sold off hard through there. In fact, it is a much more aggressive sell than AUDJPY or AUDUSD. Looking out over a longer time frame, you can see we traded right up the 61.8% line of the entire up move. Target for this downside is 0.61339.
Hey Everyone, NZDUSD is now in our view expecting price to come to our region and then drop from there. We can also have a good buying opportunity though it would be wise for us to look just for sell setup.
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. No opposite signs. Until the two strong resistance zones hold my short term view remains bearish here.
I just entered with a short on this pair, on15min it overbought, hit the resistance and rejected
A breakdown of May 12 low at 0.6182 will further drag the price toward May’s low at 0.6160 followed by April 26 low at 0.6117. The Relative Strength Index (RSI) (14) is signaling further weakness ahead.