NZD/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 0.6046 Why we like it: There is an overlap resistance level. Stop loss: 0.6083 Why we like it: There is a pullback resistance which aligns with the 138.2% Fibonacci extension. Take profit: 0.5980 Why we like it: There is an...
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from bullish order block Like, comment and subscribe to be in touch with my content!
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6076 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6025 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is...
NZDUSD - 24h expiry Price action has stalled at good resistance levels and currently trades just below here (0.6050). Price action looks to be forming a top. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 0.6025 will confirm the bearish momentum. We look to Sell at 0.6050 (stop at 0.6070) Our...
The rebound we expected on NZDUSD came a little later than we expected two months ago (March 22, see chart below) but nonetheless it is being delivered now and the price is now very close to our medium-term target: Since we observe though a shift on the Lower Highs trend-line of the long-term Channel Down, we decide to push the Target higher to 0.62600, which...
NZDUSD nicely respected a resistance line of a narrow horizontal intraday range. I think that the pair may drop to the support of the range today. Goal - 0.61 ❤️Please, support my work with like, thank you!❤️
NZD/USD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 0.5074 1st Support: 0.6038 1st Resistance: 0.6138 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 lose. Trading Forex and CFDs may not be suitable for all...
NZDUSD prices rose recently, after having a divergence around the area of daily support around 0.58531, prices continued to move up forming HL and HH now the pair near a daily supply area, with an extremely overbought area on RSI, with reaching the supply area will confirm the ABCD harmonic pattern which leads the prices to fall to the areas of 0.60521 and 0.59550
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6037 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and the swing-high resistance. Take...
Using mainly technical analysis we see a lot of subtle bullish Price Action forming amidst the Dollar strengthening. -Bullish Bat formed on Daily ( Green Harmonic ), 4 hr bullish Shark ( Blue Harmonic ) on top of NU price is at the 2.36 fib level. -Overall NU is bearish as it is in a big (ABCDE) bearish correction wave. Currently the E wave which should be the...
Hello,Friends! NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
NZDUSD is in bullish trend on 1 hr and 4 hr timeframe. At recent HH, Divergence on RSI and double top formation appeared. The instrument is in range zone. it is expected that bear will get strength and move price downside on shorter time frame
Looking at a 4-Hrly chart of NZDUSD, with expectations that we are ready to see this move lower.
**Monthly Chart** NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at). ...
Buying NZDUSD after that stoploss hunt. We're looking bullish for AUD pairs right now.
NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6125 will confirm the bullish momentum. The measured move...
New Zealand Dollar Weakens as Inflation Expectations Hit Two-Year Low In early European trading on Monday, the New Zealand dollar declined against the US dollar and lagged behind most other major currencies after reports indicated that business inflation expectations for the current quarter had dropped to their lowest level in two years. Technically : The price...