nzdusdsetup

NZDUSD AB=CD Pattern... Target 0.69385

Possibility is there for a move down from major rejection area.

So, what i think is that price were continuing rejection last week. The problem is that currently price were respecting the minor support at 0.6869. Its important to understand what the price says about this line, which yet remain to be seen.

Hi everyone. My name is Khalid from TFS Price Action Trading, Malaysia's leading forex trading course. Please watch the 1-minute video for our NZDUSD 4H analysis. Thanks and cheers! KHALID HAMID

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NZDUSD / TECHNICAL CHART ( ABCD COMPLETED )

Why is this so? Price following the double top & bearish divergence pattern. Price re-tested DT neckline but failed with bearish reversal. Combination of inside bar and key reversal usually indicating that price to accelerate lower towards 0.6600. Already sold at 0.6825. fb.com

so as previously stated we broke above the trend line, we also pushed past .68 and closed past that previous resistance. Our next upside target is .687 and I believe if we hit that area we will go all the way up to .69 to hit out original target.

Okay guys so right now its important to watch for key level .6765 If we can respect this level and stay above the trend line then we will be on our way to .69, but if we break below .6765 then .67 should be met shortly after

Hi traders, this is my buy setup for NZDUSD on daily timeframe. As you can see the price have find support in the golden zone and have build a higher low on the D1 chart. This give us a good Idea to go long with a swing trade long setup. I wish you a good trading week. Best wishes Stefan Forex

1. Pullback and Retest of weekly neck line structure that has been well respected. 2. Good RR. 3. Rejection at 0.618 fibs level.

Here's a weekly chart of NZDUSD. It has recently retraced to the 38.2 retracement and is now on its way to the 0.68191 support which has held for more than a year now. We have RBNZ Interest rate decision this week so keen to see how that will affect this support area - whether it helps break it or support it

Recent price action: Bullish Pattern: Rising wedge Long-term momentum: Ranging Short-term momentum: Bearish Bias: Short Action: Already entered a short position for this pair; however, I would like to see a break and hold of short-term trend support on the daily chart. Do not add any more positions until price confirms movement to the downside. Comments: Major...

Long now.

Long now.

This is a very quick trade, like a scalp on the daily chart, it works because of the bar formation in a strong downtrend. Will update, but as you can see it's either -1R or +1R, should happen soon after price chooses a direction.

Chart Analysis

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