A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some follow-through buying and sustained strength above the 0.6200 mark...
On H4 timeframe, price has recently rejected off from a key resistance zone at 0.6200 and broke below an ascending trendline. A pullback to resistance zone at 0.6200, which coincides with 78.6% Fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6080, which is in line with the 241.4% Fibonacci extension.
Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price...
Let’s see how this one plays out. I am expecting the market to push price up to my point of interest, triggering the trade. This is a trade I expect to play out for NFP. You guest it, I’m expecting stronger than projected NFP data. This trading idea is a mix of fundamentals and technical analysis. Please comment and add to your watchlist.
nzdud trading setuo nzdusd next move possible to sell 0.60980
Im just monitoring this pair at the moment i have a hunch its going higher but i would like to see how it will respond on my key levels first but im 50/50 here need it too move some more to make a decision
The price is currently in a very important supply zone This area overlaps with the ceiling of the bearish channel and this issue can increase the strength of this level Anyway, be sure to wait for confirmation to enter
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
NZDUSD - 24h expiry Trend line resistance is located at 0.6160. Price action has continued to trend strongly higher and has stalled at the previous resistance near 0.6160. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. A move through 0.6130 will confirm the bearish momentum. We look to Sell a break of 0.6125...
The NZD/USD is currently trading within a descending channel on the daily timeframe. It recently broke below the corrective trendline and retested it. I anticipate a continuation of the downward trend from here. If you find it useful, like, follow, share! Good trading!
On H1 time frame trend line is touched and the price is perfectly react to it ... Don't forget to write your opinion about this currency pair in comments
Hi guys I hope you have used the previous analyzes correctly and have benefited In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges...
NZDUSD has a bearish momentum for a while, adding to the running position with multiple confluences increasing the probability to the downside. Trend line touch, Fib level 78.6 retracement, support turned resistance and an order block will make this a perfect scenario for a valid setup.
Hello Everyone. I want share my idea about NZDUSD. After big move it broke up trendline and came back for retest it, we saw today reaction at resistance which came back well i open my short position. It also close to 4h Fibonacci important LVL. We have on Dollar index bullish moves which i think will dominance on the pair and at the moment it show us new swing...
Waiting for a retest of 0.61356 to short NZDUSD back to Daily swing lows at 0.59916 If you agree drop a like and if you have any questions leave a comment :)
Hello traders. A possible short setup for tomorrow. This pair is looking likely to continue its downtrend. We are now below the 50% RSI and we have just encountered an impulsive move down with a retracment back to the 61.8 (The strongest level in my opinion) we still need confirmation, however this is looking like a good opportunity. I will keep you posted 📬
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are still bearish, so I am looking to add short position. I see price to continue the retracement to fill the imbalances higher and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
OANDA:NZDUSD The trendline is broken and the pullback is completed. We wait for the confirmation and after that, we enter the sell position. what's your opinion?