The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average. However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level...
NZDUSD has breached a major weekly level. The upper trend line was also rejected. Looking for a retest back to the lower trend line and possibly a break of that trend line. -StampsFX #nzdusdshort #nzdusdprediction #nzdusdforecast #nzdusdidea #nzdusdsignal #nzdusdtrade #nzdusdoutlook #nzdusdsell #technicalanalysis #trendanalysis
in Week chart :https://www.tradingview.com/x/tNOZuc4S/ in Daily chart: H4:
In the next few hours we could see a raise to 0,69175 Resistance level. If we break that level we could see a raise to the second target which is 0,69700. Goodluck trading and follow me for more analysis!
Signal in Week: Divergence: Plan in day chart: Plan in H4 chart:
A very clear ST forming as we are nearing end of the weak. We might not see a breakout of the triangle before monday. To be updated!
Nzdusd - Daily timeframe - Pullback due for this pair, expecting a sharp decline into the nearest fresh demand zone. great risk to reward on this trade
NZDUSD Ascending Triangle on H1 Good short term opportunity. wait for the breakout.
TARGET: 28 PIPS TP1: 0.68202 TP2: 0.68302 SL: 0.67692
TARGET: 47 PIPS TP1: 0.67576 TP2: 0.67320 SL: 0.68515
First target: 0,67500 Second target: 0,67100 Goodluck!
Possible short trade on the 4H chart if the resistance of 0.68400 - 0.68500 will not be broken. First target 0.67200 Feel free to give me some feedback and goodluck trading!
TARGET: 42.5 TP1: 0.68696 TP2: 0.68831 SL: 0.67846