Dear Traders,
Hope you had a great weekend, now looking at the big picture of NZDUSD, we think price will likely to reverse after touching our area, DXY may become reverse in a week or two, while the pair is yet far from our entry point. We expect smooth drop; ensure you take appropriate risks when trading.
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My dear friends,
Please, find my technical outlook for NZDUSD below:
The price is coiling around a solid key level - 0.6155
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clears ell, giving a perfect indicators' convergence.
Goal - 0.6119
Safe Stop Loss - 0.6178
About Used Indicators:
The...
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The four-hour chart of the NZD/USD currency pair indicates a neutral or ranging market. It is expected that market fluctuations will continue between the first support and the first resistance.
Key levels:
The first resistance is at 0.6149, considered the ceiling of the neutral phase. The second resistance for NZD/USD is at 0.6182.
The first market support is at...
please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
Greetings Traders, In today's trading session, we're closely watching NZDUSD for a potential selling opportunity around the 0.60850 zone. NZDUSD, previously in an uptrend, is now in a correction phase, nearing the retrace area at the 0.60850 resistance zone.
Adding a fundamental layer to our analysis, recent positive USD data has influenced market sentiment. The...
Price is to fall toward our bullish order block of 0.60962, a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 0.62259.
If price breaks below the pivot, it could fall to 1st support at 0.60577 , a swing-low support level.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
NZDUSD is moving in an ascending channel. The market has dropped from the major resistance level.
The market is creating a bearish harmonic pattern, which is additional confluence.
We expect a pullback from the resistance since the market is moving sideways on the 4-hourly chart.
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Share your opinion in the comments and support the idea with...
The first scenario of the red line: when the price reaches the red area, after getting confirmation, we can enter the sell position in FVG.
Aggressive Entry:
Entry: 0.61374
Stop loss: 0.61490
TP: 0.61019
The second scenario of the green line:
The price can have an upswing by reaching the important area of Fibonacci and extreme order block
Aggressive...
FX:NZDUSD
Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDUSD chart which, if analyzed properly, clearly points in the downward direction.
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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...
Dear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
