The NZDUSD chart shows an ascending triangle pattern following a successful test of a strong horizontal support level. The breakout above the neckline indicates strong buying momentum, suggesting that the pair will likely continue to rise, possibly reaching 0.6010.
My Bias for NZDUSD is bearish at this time. (**Must wait for price action to further develop in order to go short**)
Hello Everyone, The NZD/USD pair has kicked off with a strong bullish momentum, and what holds significance at this point is maintaining a consistent position above 0.595358. Presently, we're holding steady above the weekly pivot point, signaling positive prospects ahead. Expect further bullish momentum to unfold! TradeWithTheTrend3344
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60000 support and resistance area. Trade safe, Joe.
NZD/USD meets with a fresh supply on Tuesday amid a goodish pickup in the USD demand. Rejection near the ascending channel hurdle and the subsequent slide favors bearish traders. Investors now look to US macro data for some impetus ahead of NZ jobs data on Wednesday.
NZDUSD is looking bearish in HTF 1. Conditional Scoring: Bearish sentiment is derived from expectations of deteriorating economic conditions in New Zealand relative to the US. 2. COT-FILP: Bearishness is based on speculative positioning in the futures market, where traders anticipate a decline in the NZDUSD exchange rate. 3. Seasonal Patterns: Bearishness...
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
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
NZDUSD making double top. it is changing form buillsh to bearish trend.
Harmonic Pattern Formation: Anti-Butterfly (XABCD) NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame. The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area. Confluence with Trendline and Fibonacci Level: The Anti-Butterfly pattern is accompanied by a...
The price perfectly fulfilled my previous idea. It hit the target level. The market bounced off the support level and made a pullback towards the swap level. FX:NZDUSD made a fake breakout of the previous week's high. I think if the price grabs liquidity above the resistance high, it might move lower because we still have a bearish trend. One thing to mention is...
The NZDUSD has demonstrated a robust uptrend, with recent observations of divergence on the 1-hour timeframe. Subsequently, a discernible double top pattern has emerged, signaling a potential conclusion to the bullish phase and a prospective transition to a bearish trajectory. In the event of a neckline breach, the recommended trade stance is to initiate a short...
NZDUSD is making double top after a bullish trend. now also creating a bearish divergence
Technical Points 1- Dow Theory works on Bearish side 2- Bearish Trend Line shows the continue of bearish trend 3- Fib retracement at 0.236 work as Resistance 4- Double Top also indicate the bearish trend 5- AB=CD also show strong indication of Bearish Trend
FX:NZDUSD bounces and strengthens towards MA-200 and resistance of the current trend on H1 against the backdrop of the dollar index correction. On D1 the medium-term outlook is clear. There are no prerequisites for the change of the global trend and most likely the fall after the resistance retest may continue. The dollar also at the moment does not give...
NZDUSD was in bullish retracement for last two weeks. At the moment we see a good bearish setup, if plays well can give good returns. Keep an eye!
The NZD experienced a sharp decline following disappointing fundamentals reported this evening, 4/30/24 at 6:45. The weekly chart indicates that the price has retested a long-term ascending trendline originating from October '22. Market participants are now awaiting a pullback to confirm further downside intentions. The first significant previous low is around...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . NZDUSD long ! Great BUY opportunity. I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be...