NZDUSD - 24h expiry We are trading at oversold extremes. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6010 will confirm the bullish momentum. The measured move target is 0.6035. We look to Buy at 0.5990 (stop at 0.5968) Our profit targets will be 0.6045 and 0.6060 Resistance: 0.6010 /...
The NZDUSD pair easily broke above the former Channel Down on our last buy signal (October 27 2023, see chart below) and then went on a slow long-term retrace: The restructured pattern is close to forming a Death Cross on the 1D time-frame, which would be the first since July 06 2023, a formation that turned out to be a buy signal. As the 1D RSI broke below...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61200 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60900 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60900 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61700 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61700 support and resistance area. Trade safe, Joe.
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.
NZDUSD is on a bearish 1D technical outlook (RSI = 42.566, MACD = 0.000, ADX = 31.358) as not only is the long term pattern a Bearish Megaphone but even this week got rejected on the 1D MA50 and maintains the LH sequence. We are bearish on this pair aiming for a -4.18% decline from this week's LH (TP = 0.59600), which is the lowest decline of a 1D MA50 correction...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 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 0.61400 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...
Price seems to be forming a Head and Shoulders pattern on the 15m tf. price recently made a supply zone (.61500-525) and a choch. price retested the neckline of the "H&S" and went up to retest resistance at .61475 and after forming the choch. we can make a entry on a lower tf when price makes a choch. we can take profit at the next demand at .61250
Hello Traders It seems NZD/USD is going to make a diagonal correction. it is possible, since we are bullish on USD. so we are expecting the price will reach 0.60 and 0.595 levels eventually. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published...
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...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61250 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 0.61250 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61600 support and resistance area. Trade safe, Joe.
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.
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.