Again, im waiting for price to cleanly break support then we can sell to the target area
We can see price has tested this area several times and been rejected but I anticipate the next break should be the sell signal
As you can see most pairs follow the same patterns.. this is no different
The USD is going to fall as we can see from GBPUSD - This pair is showing the same setup!
Once support is broken use the signal below
NZDUSD - SELL
SL - 0.65103
TP - 0.62006
Hi traders,
After a tremendous uptrend we have seen a trend reversal or retracement. We should continue to see that next week and we are aiming to take profit at 0.382 fib and 0.5 fib level respectively. From there we should carefully see the direction of this pair before deciding furhter.
Let me know your thoughts.
Trade safe and good luck.
Following dovish remarks coming out of the RBNZ (Reserve Bank of New Zealand) and the MMAR Indicator that I use (Madrid Moving Average Ribbon) turning distinctly BEARISH , a SELL NZD/USD is on the horizon.
A look at the MMAR on the H1 chart sees an ever tightening squeeze of the MA's and this will lead to a break out either north or south.
From the look of the...
So price has been in an ascending channel on the 4h timeframe since the 26th of March and the trend has been gradually reversing as you can see we’ve been getting higher highs and lower lows but as the channel ascended even more these highs and lows have been inconsistent and we are now seeing lower lows and lower highs this is an indication of a changing trend...
On 4-hour chart; Curve T3 turned negative just like ema9 and ema21 also gator is about to generate sell signal.. In the framework of all these indicators, I think there will be an downward price movement in #NZDUSD, as I mentioned in the chart..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you...
On 4-hour chart; Curve T3 turned negative just like ema9 and ema21 also gator is about to generate sell signal.. In the framework of all these indicators, I think there will be an downward price movement in #NZDUSD, as I mentioned in the chart..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you...
My in-house indicator (Disciplindicator) is flagging this as a 3 star SELL trade. Price is at WR1 pivot which sits at a band of resistance. The last 2 candles have been a shooting star and a spinning top doji so all the signs are we could go lower from here. Nice 16 pip STOP above the recent high.
Target is provisionally .6000 but this will be re-assessed should...
Using basic support and resistance, I think the pattern shown and forming is sufficient enough to take small profits taking it long up to the top. Wait to see whether the final candle closes above or below the top line to see whether to go long or short this pair.
