The USD/NZD fall is continuing as was expected before. The price is going to land at the early 2020 Support line. According to MAs no signs of the price to dramatically change its direction. It might slow down since the hit of the channel's support is expected , though the general trend goes on.
The USD/NZD has finally broken the Support/Resistance line and falling in the Upward channel. According to the MAs the price will relying on the old-new Support zone.
The EUR/NZD has recently bounced from the Support line.At the moment the price is at the Key Level and according to the EMAs it can be assumed that it will form the Triple Top pattern.
Week ahead: GDP and Inflation It is a busy week ahead for the markets as the Coronavirus is still front and center. Oil is up 75% in the past month while tensions between the United States and China escelates. Traders and investors should take caution when entering into the markets this week.. As of today, the Coronavirus death toll stands at 343,116 as the...
NZDUSD is on a daily/4H structure resistance. the price has formed multiple lower highs on 1H confirming the significance of the underlined structure. also, 0.6105 minor support was broken this morning. based on that I expect a further decline on NZDUSD. target levels for today: 0.6073 0.6043
NZDUSD BULLISH run since the start of the week may possibly come to an end as it hits DailyR1 resistance and the well-defined trend line from mid April. RSI readings are not overbought so the BULLS may be able to push higher but they will be coming increasingly BEARISH pressure from SELLERS. If we have some candles closing under the 5m 200 sma I'll get SHORT on...
Take Profit and Stop Loss are as displayed. Will share analysis if this generates more interest.
My in-house indicator (Disciplindicator) is flagging this as a 3 star SELL trade. Price is at WR1 pivot which sits at a band of resistance. The last 2 candles have been a shooting star and a spinning top doji so all the signs are we could go lower from here. Nice 16 pip STOP above the recent high. Target is provisionally .6000 but this will be re-assessed should...
Hİ all, Not investment advise DXY is also critical level something like others.. 1 month chart End of the Crab harmonic pattern we can see two pullback tests for D Point,after the first pullback price has reached first reversal target (TP1=90.61) Frow now on price is most critical in line.. Why? First Option I am expecting expanded / irregular flat ABC...
I will be looking to enter a short trade in the area depicted by the purple box. From a technical perspective, we can see that should price return to this level it will face overhead resistance from the third touch of the trend line. Furthermore, we have the added confluence of the 50 EMA aligning almost perfectly with the trend line, as well as the fact the MACD...
USDNZ pair is above weekly CPR....projected to hit weekly R2....
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***