NZDUSD is approaching a resistance zone around 0.61588 , taking a look back we see how the continuation pattern( bear flag) and in conjunction with the economic news release on NZDUSD last week played out in favor of the bears. Recently the pair has an overall structure to continue in its downward trend. So we may see a test of the resistant zone. If the...
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Hello Traders It seems NZD/USD is going to make a diagonal correction. it is possible, since we are bullish on USD. so we are expecting the price will reach 0.60 and 0.595 levels eventually. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published...
NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. Pivot resistance is at 0.6140. We expect a reversal in this move. A move through 0.6100 will confirm the bearish momentum. The measured move target is 0.6050. We look to Sell at 0.6140 (stop at 0.6166) Our profit targets will be 0.6075 and 0.6060...
As predicted on my last Forcast, Price broke out of the channel impulsively this is a momentum move from the bears. I'm waiting for a 15MIN continuation pattern before the next impulsive leg. So we may see price to retest the 15MIN resistance level close to 0.61110 before continuation in the preceding direction. if you found this helpful please support your...
We expect further upside on this pair, signalled by the key level breakout. We can also see a change in market structure from bearish to bullish which supports our directional basis.
Let's take a look at what happened in the NZD/USD market last week. There was some manipulation going on with the prices. We were actually expecting the market to rise due to some planned strategies by the buyers. However, we had a change of plans when the market rose without breaking the low of 0.60620 from January 23rd. This made us shift our perspective and...
Price was unable to break and close above the blue zone so am looking for a 4h close below the blue zone within structure and a retest and a lower low on the 30 min time frame but am mindful that Mondays can be quiet plus the action may not start until after tomorrows CPI
Hello folks, OANDA:NZDUSD is one of the pair I have on watchlist this week. NZDUSD has been trading within an ascending channel since . Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone. From Daily Timeframe: The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this...
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and could reject from resistance zone. Like, comment and subscribe to be in touch with my content!
Price reached a supply zone which was the goal this week. Looking for bearish momentum to occur if enough sell orders are there. Will be waiting for more confluences to take a sell.
NZDUSD - 24h expiry Price action has stalled at good resistance levels and currently trades just below here (0.6120). We expect a reversal in this move. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 0.6100 will confirm the bearish momentum. The measured move...
A similar trade to the EURUSD from last week. H4: Pointing Downwards D1: Down Moving Average: With Daily MA H4 pointing downwards Pattern: Deep Crab on M30 Strong resistance at 0.6125 30 pip stop loss. 70 pip target
NZD-USD broke out of the bearish flag and The breakout is confrmed So we will be expecting A potential move down !
Waiting for a break and retest at 0.60615 to short NZDUSD back to 4H ley level at 0.59003 If you agree drop a like and if you have any questions leave a comment :)
The ascending trend line has been broken and a bearish confirmation candle has also been formed.We are waiting for the continuation of the downward trend
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...
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.