Testing breakout channel and start continue bearish momentum test previous low support zone
NZDUSD is trading in the descending channel. Price pulled back from the support level. There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it. The market is consolidating near the psychological level 0.61000, creating divergence. We expect a bearish move to complete the AB=CD pattern. ------------------- Share your opinion in...
I showed at the chart the price area that would be nice for entering to the short trade.
NZD/USD Rate Recovering from Its Low of the Year amid News from Labour Market Yesterday's news showed that New Zealand's labour market is stronger and more resilient than expected. In the fourth quarter of 2023, employment grew by 0.4% in the fourth quarter (forecast = +0.3%, quarter earlier = -0.1%). The unemployment rate is 4%, forecast = 4.3%. A strong...
in bearish channel testing channel top bearish divergence sell stop entry
Price has found resistance when touching top of bearish channel. Price is also close to the keltner line and RSI overbought. Should see a small drop
looks like were going higher to the next resistance zone.
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...
We expect further upside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.
Our data shows traders are now net-short NZD/USD for the first time since Jan 16, 2024 when NZD/USD traded near 0.63. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.soon nzdusd buy
Hello Everyone, The 1-year support structure has undergone testing, with the price discovering support at 0.60924, marginally above the robust support level of 0.589779 established over the past year and the 3-month low at 0.58581. With support found, attention now shifts towards identifying pivot points and resistance levels to be challenged. A promising uptrend...
✅NZD_USD made a bullish Correction but the pair Is trading in a downtrend Beneath the falling resistance Line so after the pair retest The resistance I wil be Expecting a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Preferred direction: BUY Comment: The RBA's decision on the interest rate will also most likely have an impact on the New Zealand currency, to a lesser extent, surely, but potentially, since the economies of New Zealand and Australia are closely related and are neighbors. However, we are considering longs for this instrument in the medium term,...
My bearish sentiment on NZDUSD are backed by the following confluences- 1) Market structure (BoS), 2) OB-supply, 3) Imbalance, but I await my fourth(4th) confluence which is Take Profit Liquidity(trendline liquidity), which will make it at least a 4/5 of my confluences before i can execute. So my markups are done on the 4hr timeframe which is my major higher...
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
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area. Trade safe, Joe.