Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.60200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60200 support and resistance area. Trade safe, Joe.
NZDUSD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long NZDUSD Entry Point - 0.5975 Stop Loss - 0.5932 Take Profit - 0.6054 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: BUY Comment: In addition to the New Zealand dollar, the idea that we described a little earlier, its "older brother" the Australian dollar is also excellent for longs. The idea is still the same, namely the medium-term weakening of the American currency . We highlight two scenarios for the development of events with a common target...
Preferred direction: BUY Comment: Within frameworks this week, we've been following the buy-priority on the main currencies that compete with the US dollar . It can be assumed that the long-term outlook will most likely be positive for the American currency, but the medium term will most likely take place within the framework of a downward correction for this...
NZD/USD is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.59833 which aligns with the 38.20% Fibonacci level. Stop loss is at 0.60013 which is a level that aligns with the 23.60% Fibonacci retracement level. Take profit 1 is at 0.59543 which is close to the 61.8% Fibonacci level. Risk/Reward Ratio: 1 : 1.61 Take...
The price has reached a daily demand area and considering that the daily candle has closed below the area, we expect lower targets. But in the short term, we can expect the price to grow up to the 4-hour supply area, and from there we can expect the price to fall further.
NZDUSD is in strong bullish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
The Kiwi (NZD/USD) looks set to extend its current downturn from the pivot point and drop towards an overlap support at 0.59548. Pivot: 0.59892 Support: 0.59548 Resistance: 0.60304 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...
The Kiwi (NZD/USD) is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.59857 which is a potential breakout level ( wait for the 1-hour candle to close below 0.59857 for confirmation ). Stop loss is at 0.60410 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit...
The Kiwi (NZD/USD) is falling towards a potential breakout level and could drop lower towards our take-profit target. Entry: 0.59932 Why we like it: There is a potential breakout level ( wait for the 1-hour candle to close below 0.59932 for a breakout confirmation ) Stop Loss: 0.60304 Why we like it: There is an overlap resistance that aligns with the 38.2%...
The NZDUSD currency pair is currently hovering within a favorable buying zone, presenting an opportunity for traders to capitalize on potential upward movement. This zone, typically defined as a range of approximately 100 pips, is where market dynamics suggest a higher probability of price bouncing upward. Such zones often coincide with key support levels,...
✅NZD_USD is trading in a Downtrend and the pair Was making a bullish Rebound and will soon Retest a horizontal resistance Of 0.605 from where we will Expecting a swing move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
NZDUSD broke and closed below a key daily structure support. The broken structure turned into resistance now. We see a retest of a broken structure. To short the pair with a confirmation, pay attention to a bearish flag pattern on a 4H time frame. Its support breakout - 4h candle close below will confirm the strength of the sellers. A bearish continuation...
hello everyone, price has reached the main support area, however there is some upcoming news... price may fall to next support level due to news or market manipulation.... however price will likely be bullish for now... price is moving side may there is no major breakout if price is uptrend or downtrend... good luck
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 /...
NZDUSD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long NZDUSD Entry - 0.6005 Sl - 0.5970 Tp - 0.6080 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.603. ✅LIKE AND COMMENT MY IDEAS✅