NZD/USD has just bounced off the buy entry, which is at an overlap support level, and could potentially rise to our take profit target. Entry: 0.58708 Why we like it: There is an overlap support level Stop loss: 0.58013 Why we like it: There is a pullback support level Take profit: 0.59462 Why we like it: There is an overlap resistance level which aligns with...
Title: "NZD/USD Analysis: Navigating Bearish Trends with Potential for Momentum Shift" In the realm of NZD/USD trading, bearish sentiments continue to hold sway, painting a dominant picture in the market. However, amidst this prevailing bearish landscape, there are glimpses of hope emerging for potential bullish prospects on the horizon. Zooming in on the...
Must-know events for the trading week The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data. Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari...
NZDUSD - 24h expiry Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6100. We look to Buy at 0.6020 (stop at 0.5992) Our profit targets will be 0.6090 and 0.6105 Resistance: 0.6050 /...
NZDUSD is showing a strong bullish momentum and could make a continuation to our take profit Entry: 0.60263 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.59425 Why we like it: There is a pullback support level Take profit: 0.61057 Why we like it: There is a pullback resistance which aligns with...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59800 support and resistance area. Trade safe, Joe.
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Short term RSI has turned negative. A move through 0.5925 will confirm the bearish momentum. The measured move target is 0.5890. We look to Sell at 0.5960 (stop at 0.5984) Our profit targets will be 0.5900 and 0.5890 Resistance:...
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.
The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a downward breakout from a symmetrical triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging upper and lower trendlines. This pattern can indicate a period of consolidation before a breakout in either...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61550 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61550 support and resistance area.The recent release of CPI data in the United States has significantly influenced the forex market...
NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. Pivot resistance is at 0.6140. We expect a reversal in this move. A move through 0.6100 will confirm the bearish momentum. The measured move target is 0.6050. We look to Sell at 0.6140 (stop at 0.6166) Our profit targets will be 0.6075 and 0.6060...
In the daily time, we see an increase in the price sharpy, which has reached a strong resistance zone. As a result, in this area we expect a return or at least correction to the specified range.
Greetings Traders, In today's trading session, we're closely watching NZDUSD for a potential selling opportunity around the 0.60850 zone. NZDUSD, previously in an uptrend, is now in a correction phase, nearing the retrace area at the 0.60850 resistance zone. Adding a fundamental layer to our analysis, recent positive USD data has influenced market sentiment. The...
Greetings Traders, As we look forward to the upcoming week, our focus turns to NZDUSD, where we are actively eyeing a potential buying opportunity around the 0.62300 zone. Engaged in an uptrend, NZDUSD is exhibiting a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, steadily converging towards the trend at the...
#AUDNZD UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about AUDNZD. Traders, Anna is looking for #AUDNZD, soon we all will see a bullish momentum. Reason behind is that AUDNZD is on the major support level and forming a bullish engulfing. We will enter in this trade by...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.62 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.62 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61100 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61100 support and resistance area. Trade safe, Joe.
NZDUSD - 24h expiry Trades at the highest level in 76 days. We are trading at overbought extremes. Trading within a Bearish Ascending Wedge. A Fibonacci confluence area is located at 0.6135. Bespoke resistance is located at 0.6135. We look to Sell at 0.6135 (stop at 0.6167) Our profit targets will be 0.6055 and 0.6035 Resistance: 0.6135 / 0.6143 /...