Harmonic Pattern Formation: Anti-Butterfly (XABCD) NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame. The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area. Confluence with Trendline and Fibonacci Level: The Anti-Butterfly pattern is accompanied by a...
NZD-USD finally broke the Long-term falling resistance Line and the breakout is Confirmed so we are Bullish biased and I think The the pair will go higher Mid-term !
HELLO TRADERS As i can see this pair has reached at a strong support zone and now we are buying on dips from this given support we are expecting a up side move from this tested support after this retracement now this entry is very low risk based and looking for higher rewards Friends we need that u share ur thoughts with us on NZDUSD it will help many other...
NZDUSD is trading in the ascending channel, and it created the bullish harmonic pattern. On the 4H timeframe, the market is essentially in the consolidation zone. There is a kill zone for a long opportunity at support and the 88.6% fibo level. We expect a bullish move to 50% fibo retracement level. ------------------- Share your opinion in the comments...
How much longer can the kiwi sell off? On Wednesday, the Reserve Bank of New Zealand opted to maintain interest rates, coupling this decision with dovish remarks and forward guidance. Danske Bank economists anticipate a continued decline in NZD/USD in the upcoming year, setting a 12-month target at 0.5700. They think that the RBNZ contrasts with other G10...
In a previous analysis of OANDA:NZDUSD , I mentioned that as long as the 0.6 zone remains intact, the decline from the recent high could not be categorized as more than a mere correction. Since then, the pair has consolidated but has remained resiliently above the mentioned level. Last week brought about a new reversal from the support level, and as of the...
NZD-USD will soon hit A horizontal resistance Of 0.8284 from where I will be expecting A local move down !
NZDUSD pulled back from the support level. Price is trading in the descending channel. There's a kill zone level where the resistance level lines up with the 61.80% fibo level. We expect a rollback from the levle since, according to the 4-hourly chart, the market is essentially consolidating. ------------------- Share your opinion in the comments and support...
Hello traders, we want to check the NZDUSD chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and the price will fall to around 0.500. Good luck.
Hello traders As you can see the market maker sell model is forming on the NZDUSD 15 minutes chart and now we are on the second distribution phase. We looking for a mid-term high form in the premium, then the price goes down for the sell-side liquidity as a final target. Simply put, the market structure shifted after touching the 4-hour bearish order block and...
We expect further upside on this pair, signalled by the key level breakout. We can also see a change in market structure from bearish to bullish which supports our directional basis.
NZ Economist's bold call opens opportunity in NZD? Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting. This could potentially open some targets to the upside in the NZD/USD, including a...
Hello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
In a recent post, I emphasized that it is of paramount importance for Kiwi bulls to maintain the 0.6010-0.6030 zone. As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year. As indicated by the chart, this level is identified by horizontal support and...
NZDUSD is trading in the descending channel. Price pulled back from the support level. There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it. The market is consolidating near the psychological level 0.61000, creating divergence. We expect a bearish move to complete the AB=CD pattern. ------------------- Share your opinion in...
NZD-USD broke out of the bearish flag and The breakout is confrmed So we will be expecting A potential move down !
Dear Traders, Hope you had a great weekend, now looking at the big picture of NZDUSD, we think price will likely to reverse after touching our area, DXY may become reverse in a week or two, while the pair is yet far from our entry point. We expect smooth drop; ensure you take appropriate risks when trading. Like our idea and comment your views!
NZDUSD is moving in an ascending channel. The market has dropped from the major resistance level. The market is creating a bearish harmonic pattern, which is additional confluence. We expect a pullback from the resistance since the market is moving sideways on the 4-hourly chart. --------------- Share your opinion in the comments and support the idea with...