NZDUSD expected to rise up to 1st resistance at 0.65370 where it could potentially react off and drop down to 1st support at 0.65023. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Weak USD has led to a rally in NZD/USD and it has reached the resistance level. However, I expect the price to drop very soon. I will be putting sell in NZD/USD between 0.6510 to 0.66 area with Stop losses above the weekly resistance at 0.67. I am looking at the 0.63 area as the first target for the sells.
Patiently waiting for a breakout... this weeks been slow! but profits to be made
NZD/USD appears to be in a trend reversal phase but bears don't have enough momentum so far. That being said, I can definitely see the bulls stepping away slowly. Bears just need a little momentum to break the 0.64 area clearly and then we can expect a bearish move to 0.6270. I have described a sell set-up in the chart. Please take a look!
We are waiting for price to break support, once confirmed we will sell to the green profit area
As you can see most pairs follow the same patterns.. this is no different The USD is going to fall as we can see from GBPUSD - This pair is showing the same setup! Once support is broken use the signal below NZDUSD - SELL SL - 0.65103 TP - 0.62006
We could see that this pair is on consolidation as of now, I am expecting this pair to test the resistance level above, but we could see a potential breakout to the upside too. However, we have a good opportunity once the market reached the level of resistance above, as we have created a downtrend after breaking the previous trend line. If the market does give...
Selling nzdusd at a weekly supply zone after waiting for confirmation. See big downside with very good risk to reward on this one
Buy this pair once the price move above 200 EMA and around 0.61500 $ as after the ranging price is expected to move in an uptrend
NZDUSD expected to rise up to 1st resistance at 0.63438 where it could potentially react off and drop down to 1st support at 0.61644. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD to reverse from its downside confirmation at 0.61143 where it could potentially drop further to 0.60455. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This is my first idea bare with me. All Follows, Comments, Feedback, and Thumbs ups will be very much appreciated. In my opinion, Focusing on the highest time frame available I've identified NZDUSD has been in a strong Uptrend from a price of 0.39 since fall 00' but it may be time for the downtrend. Major Support and resistance zone between price 0.59 - 0.62...
NZDUSD has shown a strong breakout in it's daily chart, blasting through it's resistance breakout level of 0.60700, making it's way to the next resistance level of 0.62000. I see the upward movement of NZDUSD to continue all the way to 0.62000, which is where I would place my take-profit level. This breakout in the daily chart is a good breakout.
FX:NZDUSD OANDA:NZDUSD FOREXCOM:NZDUSD wait for flag to break upside