As i can see this pair is making a H & S pattern and had already done a break on strong support zone which is now not valid now are looking for the given TP incoming week Friends push like and comments we love and appreciate ur comments Follow us for more updates to stay alert
NZD/USD made the bullish Elliott wave pattern. I have shown this on both the time frame hourly (Left) and 15m (Right). It started on the 21st of December 2020, and the 5th wave is remaining. It has to cross 0.7226 - 0.7236 -0.7260 , to make the fifth wave.
Here's the 1H chart of the NZD/USD. And it's moving downwards. Here, I have applied the indicators - Volume, Stoch RSI, and RSI. RSI and Stoch RSI both are showing a downtrend. It's falling in the uptrend. It will fall up to support. If the trend breaks the support, it will hit the hurdle( 0.7136 ). If it breaks the hurdle( 0.7136 ), then the target will be the...
This chart of NZD/USD shows the uptrend. There is an Elliott wave. In the third wave, there is a symmetrical triangle . After the fifth wave, there is an ABC correction, and C must be between 0.68820-0.68670-0.68585 .
The dominant perspective that the Kiwi could suffer on new measures from the Reserve Bank of New Zealand brought forward on risk-off has a significant reflection on the chart as we experienced a Breakdown of Key level at $0.66000 after series of Bearish wave though the whole of last week. Tendency: Downtrend ( Bearish ) Structure: ...
The price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s). ...
The NZD/USD pair is struggling to make a decisive move in either direction amid a lack of significant fundamental drivers in the latter part of the week. I am keeping a tab on a possible driver this week as we await Monetary Policy, RBNZD Rate and Interest rate decision on Wednesday for a possible headway. The NZD/USD pair closed the third straight day in the...
With over 120pips in our direction since my last publication (see link below for reference purpose); Despite facing the action of Bearish pressure mid-week, it appears price is actually going through correction of Breakout (Impulse Leg AB) to continue the rally to complete a Harmonic move in the coming week(s). Tendency: Uptrend ( Bullish ) Structure: ...
Pattern: Channel Up on 1D. Signal: Bearish as the pattern is about to print a Golden Cross, which even though is traditionally bullish, it has been bearish for NZDUSD on the last 3 occasions. Target: 0.6300 (contact on the curve). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Channel Up on 1D. Signal: (A) Bullish as long as the pattern's bottom line holds, (B) Bearish if it breaks. Target: (A) 0.61000 (just below the inter-pattern Lower Highs) and (B) 0.59100, 0.58450 (Support 1 and 2 respectively). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 1D. Signal: Bearish as the price was rejected near the 1W Resistance. Target: 0.6525 (above the Symmetrical Support).
Pattern: Channel Down on 1D. Signal: Bullish as the price rebounded on the 0.62000 1M (2015) Support. Target: 0.68000 (bottom of the Symmetrical 1M Resistance) once the Lower High trend line breaks.
bottom of bollinger band giving a good support to price, so there will be bullish movement and price was retrace from 1 fibo level which is showing a bullish movement as well. once you hit your TP's just close the trade and don't hold for more hence NZDUSD is in down trend. but still you can adjust your SL to secure your profits. TP's and SL is depend on you....
Pattern: Reproducing a previous fractal. Signal: Bearish as long as the price trades below the 0.618 Fibonacci retracement level. Target: 0.6500 (just above the 1D Support).
NZDUSD - looks like short-term down (30-50 pips), then up, but let's see.. Price gets rejected from the H4 resistance level, which can send the price back to the H4 support level(s) - 0.6800, where I'll be looking for long opportunity. If price (directly) break above the resistance level, I'll be looking to take a long above 0.6850 with 1st target 0.6900, then...