The pattern is a simple pattern to trade. Nzd Usd has not broken out yet but on the verge of breaking out at any moment! It could break out at the start of the Aussie session!
The best way to trade is place a limit order outside of this pattern or wait for the breakout on h1!
Sell is over soon. I will be looking for AUDNZD to continue down and NZDUSD to go up. AUDNZD will be in a corrective state but long term is up.
NZDUSD has a higher probability of heading up from here if we get a nice cup and handle on the hourly frames.
For a long time I did not do analytics on NZDUSD, but now you can open a good deal, and I could not stay away.
NZDUSD descended to the end of the second incident wave directly to the level of support. This is a good chance to enter long.
It is best to wait for the resistance line to break through.
Target - resistance level 0.648
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Currently price at the lowest level since January 2016. Divergence on indicators, could be forming an inverse head and shoulders pattern. A nice downtrend line. An impulsive break through resistance and 0.64 level is a buy signal. Powell speaking today at Jackson Hole symposium, expected to talk about the future monetary policy. Could be the trigger or invalidate...
Overall, NZD/USD is trending downwards. Recently, NZD/USD strengthened in response to an interview with RBNZ Governor Orr by Bloomberg this morning. Governor Orr explained that since global growth is slowing and that several countries are already cutting interest rates, the recent 0.50% rate cut “reduces probability of having to do more later”. Governor Orr is...
Hello my dear friends,
NZDUSD having a down slippage without accumulating the necessary bullish momentum to rise into higher levels.
Also showing a bearish momentum withdrawing which suggest that this currency pair would have a neutralize effect that could be translated into sideways market.
If you love sideways periods for your oscillation indicators, then...
Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Let's start with the Top Down Analysis.
Monthly: Monthly is bearish.
Weekly: The weekly timeframe is in a very strong downtrend.
Daily: Daily is also bearish with as good as no retracements.
H4: On the h4 timeframe we see a trendline and a support area. I expect a break to the...
NZDUSD to climb from its upside confirmation at 0.63960 where it could potentially bounce further to 0.64475.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD is basically the weakest pair this week with an inside week breakdown.
Here we got some pullback in London market, which might a good opportunity as the bearish mindset remain intact.
So I'll be quite interesting in this short yo!
Let's see how it goes!
Even though its higher degree structure is a little bit messy, a running flat is in the making as far as I can see. That's why my expectation is an up impulse as C wave. My problem is the sharpness of the Z wave. It has no decent structure inside. So it doesn't give any clue about its completion. There is a good chance for a correction for more...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.