Price has been on a bullish run, and we can expect price to bounce off our buy entry at 0.6066, which is a pullback support level that aligns with the 23.6% fibo retracement. Our stop loss is at 0.6029, which is a swing low support, below the 61.8% fibo retracement and projection. Take profit is at 0.6115, which is a swing high resistance level. High Risk...
A correction is expected before hitting the 38.2 Fib zone.
Last week, the market flexed its muscles and climbed above the level of 0.60555, shaking off the chains of the downtrend that has been holding it hostage since February 2, 2023. It's inching up above that level, but our trading strategy suggests that the ceiling is not too far away. While a temporary surge to 0.6137 or even 0.6155 wouldn't be too surprising, we're...
My dear subscribers, This is my opinion on the NZDUSD next move: The instrument tests an important psychological level 0.6077 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.6026 My Stop Loss - 0.6105 About Used Indicators: On...
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...
Hey Traders, in the coming week we are monitoring NZDUSD for a buying opportunity around 0.60400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
Hello,Friends! NZD/USD is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.601 level. ✅LIKE AND COMMENT MY IDEAS✅
Hey Guys, after a family vacation, back in trading and updates, hope you had the same also, this is the plan for NZDUSD, every local and major level is on for 4 hours only. you can plan entry accordingly and if there is a fakeout, I will go all in for short. NOTE : NOT A FINANCE ADVICE
NZDUSD is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 0.60857 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci projection level Stop Loss: 0.61274 Why we like it: There is an overlap resistance that sits above the 78.6% Fibonacci...
The New Zealand dollar is in positive territory on Thursday. Early in the North American session, NZD/USD is trading at 0.6042, up 0.34%. Retail sales are a key gauge of consumer spending and the New Zealand consumer has been holding tightly to the purse strings. In the second quarter, retail sales fell 1% q/q, with most retail industries showing lower sales...
NZDUSD shows us bullish dynamics. At the moment a false break of resistance is being formed, against which a correction may be formed, as the dollar may strengthen a little bit Prerequisites for further growth: 1) Bullish trend 2) The dollar will weaken further as the US inflation is weakening. 3) NZD price is rising against the dollar, the currency pair is not...
In addition to closing the buying trade, our trading strategy signals an opportunity for a short sale. The trade is entered at 0.60676 with a target of 0.6000.
This is for short term Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter And this is risky too. Please DYOR before entering the trade.
My dear followers, I analysed this chart on NZDUSD and concluded the following: The market is trading on 0.6068 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.5988 Safe Stop Loss - 0. 6116 About Used Indicators: A super-trend indicator is plotted on either above or...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59200 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.59200 support and resistance area. Trade safe, Joe.
Price could fall to our buy entry at 0.5954, which is an overlap support level, aligning with the 78.6% fibo retracement and 100% fibo projection. Our stop loss is at 0.5935, which is below the swing low support level. Take profit is at 0.6065, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...