Currently, NZD/USD is trading at 0.7165. The price is moving in up trend by making higher high and lower low pettern. The pair may start a new down trend if it breaks the support level at 0.7140, likely It is possible that the pair may rebound back after touching support level to continue its up trend. If the pair starts a new down trend after breaking the support...
Hello traders, NZD/USD is trading at 0.6996. The price is moving in a downward resistance and support channel, after reversing from resistance level it can start a new down trend. The entry price for the pair is at 0.6984, first target is at 0.6949 and second target price is at 0.6910.
Follow proper risk management strategy to avoid unnecessary losses and to...
confluences:
1) trend : strong overall downtrend
2)area of value : major level of support and resistance , trend line and fib reversal lvl at 61.8 %
3)Entry trigger : waiting for a bearish candlestick pattern to form .
This pair NZDUSD has been creating lower lows as it formulates a downtrend that is actually strong in momentum over the last few weeks.
I am looking to take this pair down to the levesls of 0.67790.
I am trading this setup at present market conditions, price and at bell.
Let's see how things pan out in the coming days.
PSA: This is not trading advice. This...
Hello traders, NZD/USD is trading at 0.7180. The price is trading in a downward resistance and support wedges and can break support level to continue its down trend. If the price breaks the support level at 0.7172, it can continue its down trend and its target prices are as follows. 1st target price at 0.7139 and 2nd target price at 0.7111.
Follow proper risk...
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...
Heavy rejection at the 1D resistance, the price closed below the uptrend channel giving a good short signal and the price is sitting at the demand zone.
Downtrend confirmation is required before going short, if the next 4H candle closes in or below the demand zone there could be a good short entry opportunity:
Entry: 0.66190
SL: 0.66518 (Return to the bullish...
Currently, NZD/JPY is trading at 70.43. The pair may start a new down trend if it breaks the neck line at 70.21. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the neck line, then its 1st target price will be at 69.27 and 2nd target...
Currently, NZD/USD is trading at 0.6444. The pair started a new up trend on 19th May and after touching the resistance level the price is moving towards its support level. It may start a new down trend if it breaks the support level at 0.6444, then its first target will be at 0.6245 and second target will be at 0.6122.
Follow a proper risk management strategy to...
The big bearish movement on #NZDUSD has yet to come.
We have waited for it to 0.61100 area with the last idea (that is still valid).
In the meantime, another selling possibility is creating now.
0.60 (or 0.60460) could be the Elliot Wave point 5 confirmation.
Entry: 0.604
SL 0.61125
TP 0.5844
#NZDUSD completed the Elliot Pattern, on point 5 touched the 61.8% of FIbo the started the bearish movement that first broke the trendline and then retested it.
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Entry Now
SL 0.6022
TP 0.58
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