DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
The counter is currently is a descending channel pattern. It hit the lower parallel and bounced off with an ascending channel pattern. Hence, we expect the pair to trade with positive bias in the short-term.
The price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s). ...
*ENG* - Price hitting our supportive zone, we are expecting a reversal from this area. - If price breaks, look for the retest in order to enter short. *PT* - Preço a atingir a nossa zona de suporte, estamos a aguardar uma possível reversão neste nível. - Se o preço quebrar, aguardar pelo retest em ordem a entrar short.
The pair is buying and selling above the robust assist stage of 0.6520. The pair is negatively affected by the US-China stress, in addition to the expectation of the publication of the minutes of the final assembly of the Reserve Financial institution of New Zealand on Tuesday. Technical aspect: The value is beneath the center Bollinger band, beneath SMA 5 and SMA...
NZDUSD bounced off 0.65878 where it could potentially rise further to 0.66680. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD. It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels. So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support.
NZD/USD foreign money pair closed the buying and selling week close to 0.6600. The pair is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development for NZD/USD. This buying and selling week, the pair is predicted to develop and take a look at the higher sure of Ichimoku Kinko Hyo close to the extent of...
The counter has broken down two critical supports. One- price action support level of 0.66128. Two- Bullish Trendline. It indicates the counter has changed its short-term to bearish and we advise traders to go short.
NZDUSD bounced off 0.66380 where it could potentially rise further to 0.66931. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
With over 120pips in our direction since my last publication (see link below for reference purpose); Despite facing the action of Bearish pressure mid-week, it appears price is actually going through correction of Breakout (Impulse Leg AB) to continue the rally to complete a Harmonic move in the coming week(s). Tendency: Uptrend ( Bullish ) Structure: ...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
NZDUSD reversed off its resistance at 0.65804 where it could potentially drop further to 0.64604. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Wait for price to break below the support line then sell to target area
A similar situation for the Greenback we have found here as a possible Breakout off of our Bullish Rectangle @ 0.65200 for a Bullish burst becomes feasible. Tendency: Uptrend ( Bullish ) Structure: Breakout | Bullish Rectangle | Channel Observation: i. 0.63800 level appears to be a respected Demand zone ( 500 retracement ) since the Impulse Leg in the last days...
We are waiting for price to break through support and sell to the green area, at present it is consolidating