NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move...
NZD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.6168 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6215 Why we like it: There is a pullback...
NZD/USD has just bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6048 There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap resistance...
The Kiwi (NZD/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance. Pivot: 0.6103 1st Support: 0.6048 1st Resistance: 0.6167 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...
NZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6046 Why we like it: There is a pullback support that likes up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap...
Hello Traders, In today's trading session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61500 zone. Currently, NZD/USD is trading in an uptrend and is undergoing a correction phase. This correction is bringing the pair closer to the key support and resistance area at 0.61500, a level that has historically acted as a...
NZDUSD recently displaced to the downside but quickly made a recovery and displaced above the swing of the recent drop. There was buyside liquidity in the form of equal highs that were swept, but the candle bodies seem to be respecting the bearish Orderblock. I am anticipating price now return to a discount, taking out the sellside liquidity below, into a weekly...
NZD/USD is rising towards a resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6169 Why we like it: There is an overlap resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.6215 Why we like it: There is a pullback...
Hello Traders, In today's session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61000 zone. Currently, NZD/USD is in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 0.61000. Please be aware that tomorrow's trading will be influenced by significant events: the release of the CPI...
NZD/USD is falling towards a support level which is a pullback support and could potentially rise to our take profit. Entry: 0.61017 Why we like it: There is a pullback support level. Stop loss: 0.60474 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.61675 Why we like it: There is an overlap...
The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 0.6086 1st Support: 0.6037 1st Resistance: 0.6167 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...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area. Trade safe, Joe.
NZD/USD is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci projection and could potentially bounce from this level to our take profit. Entry: 0.6178 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection. Stop loss: 0.6158 Why we like it: There is an overlap support level which...
The Kiwi (NZD/USD) is falling towards a support level which has been identified as a pullback support and could potentially bounce to the 1st resistance. Pivot: 0.6174 1st Support: 0.6156 1st Resistance: 0.6209 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...
NZDUSD has posted a double top formation with a divergence. Sentiments are also bearish. A short trade with 1:1 can be taken.
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60750 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60750 support and resistance area. Last night the RBNZ did consider raising rates which should give a boost to the kiwi meanwhile on the other...
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 - 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...