The Kiwi with ticker NZDUSD woke up last year with a strong reversal on daily chart after a completed larger, higher degree (A)-(B)-(C) correction in B/II, which can be signal for completed deep correction, especially after higher highs and higher swing lows formation up from November 2023 lows. In fact, there was also some nice accelerating price action through...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
Price has broken out of the resistance level which is a pullback resistance level and we could see a bullish continuation to our take profit Entry: 0.60437 Why we like it: There is a pullback resistance which aligns with the 23.6% Fibonacci retracement Stop loss: 0.59903 Why we like it: There is an overlap support level which align with the 61.8% Fibonacci...
Resistance Level: NZD/USD faces a crucial resistance level, signaling a possible reversal. Harmonic Pattern: The formation of the XABCD harmonic pattern reinforces bearish sentiment. Anticipated Movement: A downward trajectory is expected, indicating a shift from bullish to bearish. Entry Strategy: Short position suggested upon breach of 4-hour lower...
Hello traders, I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Wish you many pips Good luck
NZDUSD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short NZDUSD Entry Point - 0.6062 Stop Loss - 0.6095 Take Profit - 0.6000 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21. The Reserve Bank of New Zealand meets early on Wednesday and it’s practically a given that it will hold the cash rate at 5.5%. This would mark the sixth straight time that the RBNZ maintains...
9th April DXY: If it breaks bullish trendline & 104 support, could trade down to 103.70 level NZDUSD: Sell 0.6030 SL 25 TO 85 (hesitation at 0.5995) AUDUSD: Buy 0.6630 SL 20 TP 75 USDJPY: Sell 151.70 SL 30 TP 75 GBPUSD: Buy 1.2680 SL 30 TP 75 EURUSD: Buy 1.0885 SL 30 TP 60 USDCHF: Stay out, in between support & resistance USDCAD: Sell 1.3605 SL 30 TP...
My little idea ive been scoping this pair for a while now as u guys can see when I lost previous and right now im seeing what opportunities there is and will execute in my own manners ,thank you for taking your time reading this ,good luck!
NZD/USD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit Entry: 0.60437 Why we like it: There is a pullback resistance level Stop loss: 0.60958 Why we like it: There is a pullback resistance level which aligns with the 100% Fibonacci projection Take profit: 0.59903 Why we like it: There is...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61 support and resistance area. Trade safe, Joe.
NZD/USD: Odds for NZ rate cut? This week the Reserve Bank of New Zealand (RBNZ) is expected to maintain interest rates unchanged at 5.5% Interestingly, as recently as February this year, the RBNZ was still deliberating rate hikes. Presently, the market attributes a 4% probability to a rate cut. The earliest feasible moment for a rate cut could be in November....
Examining the red trend of the one-hour time frame, the New Zealand dollar has formed a floor head and shoulder pattern, which has now broken the resistance area of the neck line in the range of 0.6015-0.6008, and now it seems that the rate of May It can increase as high as the height of the pattern up to the Fibo range of 127.2% at the number of 0.6062.
Given the robust NFP figures from last week, alongside the deteriorating job market in New Zealand and evident bearish technical analysis, it appears advantageous to consider a short position on NZD/USD. The price remains below the 200-day moving average, indicating a downtrend, and has recently tested resistance at 0.60500. I am targeting a decline to 0.58800 as...
Title: "NZD/USD Analysis: Navigating Bearish Trends with Potential for Momentum Shift" In the realm of NZD/USD trading, bearish sentiments continue to hold sway, painting a dominant picture in the market. However, amidst this prevailing bearish landscape, there are glimpses of hope emerging for potential bullish prospects on the horizon. Zooming in on the...
NZDUSD H4 Porjection Price recently broke the last swing high which confirms the bearish trend is over. So initiate long postions near the demand zone area after confirmation by a bullish price action structure in the lower time frame (LTF).
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61000 support and resistance zone. Trade safe, Joe.
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 0.5975, which is an overlap resistance. Our take profit will be at 0.5953, an overlap support level. The stop loss will be placed at 0.5990, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...