Currently, NZD/USD is trading at 0.7062. The pair is trading at its 2 years high and hovering near its small resistance level. If the price breaks the resistance level at 0.7084, then it can continue its up trend towards its next resistance level. The entry price for long will be above 0.7084, 1st target price will be at 0.7156 and 2nd target price will be at...
Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market has been bullish for past 3 months and price is now testing monthly resistance level. We can expect a correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish...
Since its 0.65 zone recent low, Kiwi had quite a run up with the pair gaining around 8% (which is a lot in terms of currency) Now the pair looks tired with new highs marginal and making a rising wedge I believe we will have a correction sooner rather than later and I'm looking to sell this pair
We are looking for sell setups in this pair but its not ready for down move yet so we will wait and stay away from this pair until it has broken the trend. Next week looks further up slowly. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support &...
In the 60-minute chart, the divergence in MACD and RSI is quite clear, and also the 3-wave structure of the sides shows the Diagonal pattern. By crossing the price from the range of 0.6878, which is the end of the 4th wave of this pattern, we can get the confirmation for the downtrend and the targets of 0.6795 and then 0.6700 price level.
Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market was moving in a downward channel . Price broke out of channel to test monthly resistance level . This level had previously pushed price to downside and we expect price to get pushed down again. W > Price moved out...
We are looking for sell setups in this pair but its not ready for down move yet so we will wait and stay away from this pair next week. Next week looks further up slowly. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart...
We are looking for sell setups next week in this pair and as of today its not ready yet. if we see a setup we will jump in otherwise we will stay away. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and...
Hey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. NZD/USD: Daytrade-Preparation Market-Buy: 0,68410 Stop-Loss: 0,68080 Target 1: 0,68680 Target 2: 0,68940 Target 3: 0,69150 Stop-Loss: 33 pips Risk: 0,5% -1% Risk-Reward: 2,36 LEAVE A LIKE AND A...
Nzd was one of the biggest beneficiaries of USD weakness and NzdUsd made a new local high in this context. Now the pair is facing a very strong resistance zone that extends to 0.7 psychological figure and I believe a drop will follow I'm bearish this pair and I believe Kiwi will fall to 0.65 in the medium term
Currently, NZD/USD is trading at 0.6891. The pair is trading at its 20 Months high and can touch its resistance zone soon. It can consolidate after entering its resistance zone and then start a new down trend. If price breaks 0.6900 level after rebounding from resistance zone then it can start a new down trend. Follow proper risk management strategy to avoid...
price perfectly hit the profit target in my last analysis on NZDUSD (link attached below!), now I will wait for the price to breakout the rising wedge structure before planning to short sell for this pair. be patience traders! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...