NEW ZEALAND DOLLAR FUTURES (6N1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 0.63185
Pivot: 0.62470
Support : 0.61850
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.62470 where the overlap support is to the 1st resistance at 0.63185 where the swing high resistance, 78.6% fibonacci retracement and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 0.61850 where the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection are.
Fundamentals: No Major News
Trade ideas
NEW ZEALAND DOLLAR FUTURES (6N1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 0.63185
Pivot: 0.62470
Support : 0.61850
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.62470 where the overlap support is to the 1st resistance at 0.63185 where the swing high resistance, 78.6% fibonacci retracement and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 0.61850 where the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection are.
Fundamentals: No Major News
New Zealand Dollar Futures (6N1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 0.63185
Pivot: 0.62505
Support : 0.61850
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , we would expect bullish momentum to carry prices to 1st resistance at 0.63185 where the swing high resistance, 78.6% fibonacci retracement , 61.8% fibonacci projection and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could drop to the 1st support at 0.61850 where the overlap support and 78.6% fibonacci projection are.
Fundamentals: No Major News
New Zealand Dollar Futures (6N1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 0.63185
Pivot: 0.62505
Support : 0.61850
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , we would expect bullish momentum to carry prices to 1st resistance at 0.63185 where the swing high resistance, 78.6% fibonacci retracement , 61.8% fibonacci projection and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could drop to the 1st support at 0.61850 where the overlap support and 78.6% fibonacci projection are.
Fundamentals: No Major News
NEW ZEALAND DOLLAR FUTURES (6N1!), H1 Potential for Bearish DropType : Bearish Momentum
Resistance : 0.62475
Pivot: 0.61855
Support : 0.61190
Preferred Case: On the H1, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.61855 in line with the pullback resistance, 78.6% fibonacci projection , 61.8% fibonacci projection and 50% fibonacci retracement to the 1st support at 0.61190 where the 127.2% fibonacci extension and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.62475 where the swing high resistance and 127.2% fibonacci extension are.
Fundamentals: No Major News
NEW ZEALAND DOLLAR FUTURES (6N1!), H1 Potential for Bearish DropType : Bearish Momentum
Resistance : 0.62475
Pivot: 0.61855
Support : 0.61190
Preferred Case: On the H1, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.61855 in line with the pullback resistance, 78.6% fibonacci projection, 61.8% fibonacci projection and 50% fibonacci retracement to the 1st support at 0.61190 where the 127.2% fibonacci extension and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.62475 where the swing high resistance and 127.2% fibonacci extension are.
Fundamentals: No Major News
NEW ZEALAND DOLLAR FUTURES (6N1!), H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 0.63190
Pivot: 0.62480
Support : 0.61865
Preferred Case: On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the 1st resistance at 0.63190 where the swing high resistance and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 0.61865 in line with the pullback support and 61.8% fibonacci projection .
Fundamentals: No Major News
NEW ZEALAND DOLLAR FUTURES (6N1!), H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 0.63190
Pivot: 0.62480
Support : 0.61865
Preferred Case: On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement. Once we have upside confirmation that price has broken past pivot, we would expect bullish momentum to carry price to the 1st resistance at 0.63190 where the swing high resistance and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 0.61865 in line with the pullback support and 61.8% fibonacci projection .
Fundamentals: No Major News
Very interesting setup NZDHere is my 2nd setup of the week on the NZD Futur after a big success from the 1st.
Cup patern with handle + buying trendline.
A purchase is very likely from 0.6100 to 0.6250.
If the price comes down below 0.6050, you will have to be careful for a breath.
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