The Kiwi (NZD/USD) could make a bearish reaction through the pivot to potentially drop lower. Could the bearish momentum drive this FX pair towards the 1st support?
Pivot: 0.5863
1st Support: 0.5779
1st Resistance: 0.5930
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
My dear friends,
Please, find my technical outlook for NZDUSD below:
The instrument tests an important psychological level 0.5900
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5964
Recommended Stop Loss - 0.5865
About Used...
Hey Traders !
On The Daily Time Frame, The NZDUSD Broke The Support Level (0.59709 - 0.59406).
This Key Level Becomes a New Resistance Level.
So, I Predict a Bearish Move 📉.
TARGET: 0.58800🎯
As I predicted, NZDUSD dropped heavily after the release of Retail Sales
data on Monday.
Analysing a price action today, I see that the pair became heavily oversold.
The price formed a falling wedge pattern and a narrow horizontal range within.
Bullish violation of the resistances of the wedge and the range indicate a highly
probable coming...
The market reached the weekly timeframe zone and began to range so as to gather momentum for a further bearish move. On the daily timeframe, price action formed a Bullish TWEEZER TOP indicating a brief pull to the upward-side possibly for the market to grab topside liquidity. On the 4hrs timeframe, we have a doji candle indicating a change in market...
The Kiwi (NZD/USD) has just reversed off a key support level to climb higher. Bullish momentum could carry it towards the Fibonacci retracement at 38.2%.
Buy entry is at market (0.5899).
Stop loss is at 0.5849 which is a level that lies underneath a pullback support.
Take profit is at 0.5953 which is a pullback resistance that aligns with the 38.2% Fibonacci...
NZDUSD - 24h expiry
Daily signals are bearish.
Preferred trade is to sell into rallies.
Our outlook is bearish.
We look for a temporary move higher.
20 4hour EMA is at 0.5932.
The lack of interest is a concern for bulls.
We look to Sell at 0.5930 (stop at 0.5956)
Our profit targets will be 0.5865 and 0.5850
Resistance: 0.5896 / 0.5920 / 0.5935
Support:...
Hello Everyone,
The NZD/USD pair has been testing yearly support levels extensively and appears to be on an upward trajectory now. The next crucial step is for the 1-day pivot point (PP) to serve as a support, confirming potential further gains.
TradeWithTheTrend3344
NZD/USD has been in an uptrend on the 1D timeframe.
Waiting to see what the price does around the 0.59000 level and if it respects the trend line.
If not, we can wait for a break and retest below the level.
One more pair that looks very bearish to me after news is NZDUSD.
I see a confirmed bearish breakout of a support line of a horizontal
trading range on an hourly time frame.
I think that a bearish trend on the pair will continue.
Initial target 0.59
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I will enter small counter trend at daily demand area . we have got shadow of war. If it happens dollar with get stronger and also Gold will probably make new highs. Try to enter small positions. News destroys You. Stop loss and good positions sizing keeps you alive in the market. Good Luck,
