We have seen price show continuous bearish momentum on this pair. Price reached a critical point of support before it started it's bullish ascend. i will be looking for price to pullback around the price level where it currently is and retrace at least potentially 50% of the bullish move before price continues to move bullish . I will looking out for bullish...
NZDUSD has been travelling in a descending channel for quite some time now, until last week when it broke out of the channel to the upside, We are expecting price to come back down to retest the channel before making its way up to 0.66800 region.
Possible short for NZDUSD. Price has remained within the boundaries of the parallel trend line channel and has recently hit the trend line channel resistance indicating that the price could be heading down. Price has also been moving below both the 200 EMA and the 50 EMA also indicating a short bias. Keep an eye out for updates. OANDA:NZDUSD
Possible long for NZDUSD. Price has remained beneath both the 200 EMA and the 50 EMA indicating a strong short bias. Price has also been following a parallel trend for the past couple of weeks and has recently hit the trend line channel resistance, also indicating a short bias. Price has also been recently rejected by a local resistance line. FX:NZDUSD
NZDUSD was travelling in a wedges for a rather long time , until recently price broke out to the downside, it formed a descending channel on its way down. Price recently hit the bottom of the channel and has been making its way to the top, We believe price will make its way up to the 0.618 but we have sell limit orders at the support zone in-between the 0.5 -0.618...
Market getting ready to change trend for a buy .
RSI signalling oversold at 37 reading.
Get in on buy and enjoy your profits.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the...
As you can most likely see, price has been travelling in a blue triangle and also inside an ascending channel.
Price reached the top of the triangle and therefore we SOLD,SIMPLE!
TARGETS 1 & 2 ARE MARKED OUT BY PURPLE LINES
TARGET 3 SHORT POSITION
Sitting perfectly in an important zone which can be seen clearly on the 4hr and daily charts. I will be sitting and waiting for this pair to breakout to the upside and potentially reach 0.7550 area. One to watch for now and sitting inside the watchlist, maybe a clear break of the 4hr trend line could be enough...
NzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade