The NZDUSD pair turned bullish and reversed the medium-term sell bias exactly on the moment we wanted it last time we posted on analysis on it:
As you see, the rebound took place exactly on the Lower Lows (bottom) trend-line of the long-term Bearish Megaphone, a pattern it's been trading in for over 1 year. At the moment, the price is consolidating around the...
The NZDUSD tested the 0.63 resistance level before trading lower again. Although the NZ dollar remains under pressure with high inflation and recent interest rate hikes failing to have an impact, the NZD has climbed to the upside due to DXY weakness.
Look for the NZDUSD to bounce off the 0.62 support area to test the resistance of 0.63. A strong rejection of the...
NZDUSD - Intraday - We look to Buy at 0.6250 (stop at 0.6190)
Previous support located at 0.6250. Previous resistance located at 0.6300. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 0.6375 and 0.6400
Resistance: 0.6300 / 0.6350 /...
On the H4, with price moving along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 0.62701 where overlap resistance is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may reverse off the 1st support and drop to stop loss at 0.61968 where the...
On the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.63447 where 61.8% fibonacci projection is to the take profit at 0.64648 where the 78.6% fibonacci retracement is. Alternatively, price may reverse off the buy entry...
Trade Idea: Selling NZDUSD
Reasoning: Possible Head and Shoulders forming on NZDUSD. A break lower would also see the short term channel invalidate.
Entry Level: 0.6610
Take Profit Level: 0.6121
Stop Loss: 0.6242
Risk/Reward: 3.18:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. ...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.625 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.615 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
The NZDUSD broke below key support level of 0.6200 on the back of the stronger DXY overnight. The last time price broke below this level was in March 2020.
The NZD is likely to remain under pressure as recent data indicated a weaker than forecasted economy and the RBNZ's plan for further rate hikes is considered to be conservative compared to the Federal...
NZDUSD seems to have broken through the bottom of a bearish Descending Triangle continuation pattern, hinting that deeper losses area ahead. The implied measured-move objective hints that a push toward the 0.58 figure may be in the cards.
Price has reached a major support zone - created a double bottom and pushed up. It seems to be creating a retracement flag pattern on the lower time frame and has just broken out.
Sl @ 0.62950
Tp @ 0.65000
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.645 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDUSD on the 4h chart after our previous analysis reached as expected the monthly resistance.
The market created a double top over the structure with 2 equal highs and is now trading above the 0.64500 support.
How can i approach this scenario?
We will wait for a potential break of the support area and in that case i will look for a nice short order according to...
NZD
FUNDAMENTAL BIAS: BULLISH
1. Monetary Policy
At their April meeting the RBNZ surprise economists but not STIR markets by delivering a 50bsp hike, taking the OCR to 1.50%. The bank stressed, like most others, that inflation is a concern and that they will ensure that higher price pressures don’t become embedded in longer-term inflation expectations. The...
The NZDUSD pair has been trading inside a one year pattern that resembles a Bearish Megaphone. Below you can see the most recent trade on the pair:
Recently on May 12, the price made a Lower Low and has been rebounding since. As you see within this pattern, a common characteristic of all rebounds but one is that they have been just over +5.00%. Exception is...
