. There is still a possibility of temporary retracement to suggested resistance line (0.719). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
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As we can see, the price is inside Ascending Triangle and is now close to breakout. One should wait for confirmation.
Let us know your views on this in the comment section. Thank you all.
Hİ ALL BRO.. AMELE INDIKATOR TREND POİNT 4H DAİLY WEEKLY
4 H +104.723 LONG
DAİLY +105.039 LONG
WEEKLY +105.389 LONG
NOT AN INVESTMENT ADVICE ...
LIKE AND SUCRİBE PLS..
USDNZD on the daily chart created a head and shoulder over a monthly trendline.
The price on the 4h chart after the last impulse retraced till the 0.618 fib level in a descending channel.
IF the price now will break and close above the resistance area we can set a nice long order according to Plancton's strategy.
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Keep in mind.
+0.43% on the NZD/USD 🇳🇿 🇺🇸. The price pulled back from the local resistance. The crossover at the Stochastic and another - to + swing at the ROC 3 with the Bullish Engulfing suggest that the price is going to test the Resistance again.
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NZD/USD 🇳🇿 🇺🇸 is rising in the Uptrend line! The pair lies above the 25&50 ma that preceded the rise after its crossover. The Volume spike suggest the price will lie above the just broken Resistance zone that will turn into Support. The overbought of the RSI and Stochastic suggest the slight decline after which the bounce from the Uptrend line!
If you like the...
USDNZD on the daily chart created a double bottom over a monthly support before starting a bullish leg.
Price now hit a weekly resistance at the 1.53 level and we can expect a possible retracement till the 0.382 level exactly over the daily support.
When the price will break above the weekly resistance, we can set a nice long order according to Plancton's...
We have a pretty interesting situation with the USD/NZD pair and this can open a few opportunities which we can capitalize from. From a COT perspective the New Zealand Dollar is in a neutral position. Neither long nor short contracts dominate the market and this gives a chance for the US Dollar to shine. A further decline in gold price may be a signal for the...
USDNZD has found resistance on daily trendline and created a double bottom over it.
The market recently has been moving in a falling wedge formation and market found resistance on the possible break area around 1.51 area.
If the market will manage to break and close above the 4h structure we can set a nice long order according with our strategy.