Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
FX:NZDUSD dives to a three-day low of 0.5906 below the 50-day moving average (DMA) at 0.5913, despite the Greenback (USD) trading unchanged as shown by the US Dollar Index (DXY), while US Treasury bond yields drop for the second consecutive day. The pair exchanges hands at 0.5910, down 0.39%. The downtrend portrayed in the NZD/USD daily chart suggests the pair...
NZDUSD is experiencing its second consecutive day of losses. The D1 candlestick chart from yesterday displayed a downward trend with a modest lower shadow, indicating that selling pressure was relatively subdued. The price is currently rebounding from these declines. NZDUSD's daily chart continues to exhibit a sideways consolidation pattern. While the hourly H1...
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NZDUSD could fall towards an overlap support and potentially break below this level to drop lower towards our take profit target. Entry: 0.59169 Why we like it: There is a potential breakout level Stop Loss: 0.59423 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Take Profit: 0.58667 Why we like it: There is...
The New Zealand dollar is down sharply on Tuesday. In the North American session, NZD/USD is trading at 0.5927, down 0.61%. It has been a roller-coaster ride for the New Zealand currency, which continues to swing wildly. Last week, NZD/USD surged 3.24%, its best weekly performance since October 2022. This week has been all red for the New Zealand dollar, which has...
I see a probability that the price will go down because the price has received an important order block in the daily time slot.
Daily and weekly bias is still bearish. Price has now mitigated a discounted area for me to take sells. This area is confirmed with previous bearish break of structure completed because of an order block which left in efficiency with in the market because of how large the volume was the break it. Hope this is insightful. 4HR Chart:
Previous forecasts have been achieved, prices have dropped below 0.5859. A price pivot zone near 0.5810, which appeared a year ago, has been reached. We believe it is possible to begin cautious purchases (high risk). Our trading strategy indicates that an upward reversal will occur when levels around 0.5930 are reached on Monday-Tuesday of the upcoming week....
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are still in a bearish market structure from daily perspective, so I am looking for a short position. I expect bearish price action from here as we can see that price almost filled the imbalance and rejected from bearish order block + institutional big figure 0.60000. Like, comment...
DXY The price made a strong bearish breakdown of the support area, after a pullback If price stays below support/resistance structure I expect the price to move lower.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
NZDCAD price is rising from the support area, if price continues to holds above the support, price will rise towards next resistance Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Potential bullish move if it flips grey box into support. Target would be our weekly s/r around 0.6.
NZD/USD is also rising and could extend its increase above the 0.5915 resistance zone. Important Takeaways for NZD USD Analysis Today · NZD/USD is gaining bullish momentum above the 0.5870 support. · There is a short-term contracting triangle forming with support near 0.5885 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the...
NZDUSD is rising towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.59284 Why we like it: There is an overlap resistance level Stop Loss: 0.59893 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 0.58575 Why we like it: There is a...
The NZD/USD exchange rate is steadily advancing on Thursday, driven by an improved risk appetite fueled by speculations that the United States Federal Reserve (Fed) has finished raising interest rates. As a result, a decrease in US Treasury bond yields has weakened the US Dollar (USD), providing support for the pair. At the time of writing, the NZD/USD is trading...
There is a possibility of forming a downward pattern. Therefore, for now, we should wait for the confirmation of the candle under the area, and then enter the position of the cell.