After the failure of the roof specified in the figure in order of levels 50%, 61.8% and 78.6% fibonacci can be priced by price
NZDUSD - $.71+ We will see some new high's if USD continues to print money. - Inflation is crippling the USD - Stocks will rise however USD will fall - Stop loss indicated below close it
The NZD/USD ended the week higher, with the U.S. dollar under pressure. Markets are watching the Fed's dovish stance, which the Bank showed despite job growth in the U.S. ANZ Bank economists expect the kiwi will not be able to extend gains while the economy is in a stalemate. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you...
In my previous NzdUsd analysis, I said that I'm bullish and I expect the price to rise to 0.73 resistance and at this moment my opinion is reinforced. After a short dip under support, the pair has reversed on Friday, and yesterday we have a strong bullish day that concludes a "Morning Star" candlesticks formation on out daily chart. NzdUsd looks prepared for more...
IN this review we identify a high probability trade location to play for a 5th Wave upside extension in the NZDUSD
we are going to discuss this in the future. meanwhile, here are the trades im in at the moment.
Prices are facing bearish pressure from the resistance zone , in line with the 50% fibonacci retracement and 61.8% Fibonacci extension, where we could see a further downside below this level. Ichimoku cloud and MACD are showing signs of bearish pressure as well, in line with our bearish bias.
On Friday, NzdUsd has dropped under the rectangle's support. However, the pair quickly reversed losses, proving that it was a false break and now is trading at 0.7155 and back into the range. The long-term trend for the pair is bullish and the pair could resume its way up very soon. 0.73 can be the target for bulls and this scenario is negated by a drop under recent low
1. The lower border of pitchfork 2. At the untested demand zone PT1= The median line PT2 = The Upper parallel line A tight stop loss just below the demand zone
Bullish Indicators: Support zone 0.71340 Bearish Indicators: Resistance zone 0.72183 Plan A: On the breaking of support zone at 0.71340 one can take short position for the target of 0.70818 and 0.69975 Plan B: One can take long position on the breaking of resistance zone for the target of 0.72700 and 0.73000
NZDUSD after making a swing high of 0.72188 correct itself to fib level 0.236. It is coming again to test swing high. Question is will it break or fall after making double top? Plan 1: IF IT BREAKS & CLOSE ABOVE 0.72188 Buy: 0.72200 SL: 0.71329 TP: 0.73030 Plan 2: IF IT MAKES BREAISH CANDLE ON TOP 0.72188 Sell: 0.72000 SL: 0.72500 TP: 0.71330 Let us know what...
Looking at the daily time frame, prices are currently testing a key supply zone with potential for further downside. On the M30 time frame, prices broke below the ascending trend line and is facing bearish pressure from the 34EMA as well. A pullback to test its resistance zone at 0.72010 which lines up with the 78.6% Fibonacci retracement and 61.8% Fibonacci...
NZDUSD is more likely to rise to 0.74604 🔍 Technical expectations: 🔹NZDUSD broke the February 2021 downtrend trendline and is more likely that momentum will change to the upside. 🔹Strong bull pressure, NZDUSD will be pushed to 0.73071 and later 0.74640 ❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis....
NU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly. Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon. The current price level isn't worth me taking the risk as NU may...
Hello traders, Last week the kiwi-dollar has broken out of the longer time frame bullish pattern and now is forming a falling wedge on 15m and 1H time frames. The bullish pattern after a bullish breakout confirms the bullish trend. Thus there is a good chance to catch up with this wave.
Since the beginning of October, NzdUsd is trading upwards, with the pair reaching a high of 0.7220 Now the pair is correcting some of the gains and is forming a flag A break above the resistance should accelerate gains towards 0.73 Buy dips is my strategy
After breaking a bullish triangle pattern in bigger timeframe, this pair is now retesting the major resistance which is now to become a support. Excellent risk reward ratio on this pair looking for a long term buy.
Hello everyone! There is bullish flag breakout confirmation for NZDUSD. Uptrend might continue to 0.768