NZDUSD making lower lows and lower highs. it is in bearish trend.
NZDUSD pair is currently trading bearish with continuous LL and LH. Currently, it is at 0.382 retracement of bearish swing. No bullish divergence has been identified. Market may continue to go bearish on Monday opening. Possible sell entry given.
With the economic results, the time is right to enter buy trades for the nasusd for the next two weeks
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My dear friends, Please, find my technical outlook for NZDUSD below: The instrument tests an important psychological level 0.5900 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5964 Recommended Stop Loss - 0.5865 About Used...
At this point, we can have a good entry due to the type of correction and the weakness of the trend in the fall
The price got to the weekly support and rebounded from there. Currently, on the daily timeframe, a BULLISH engulfing candle from yesterday indicates a Bullish continuation. My target is the previous monthly timeframe support zone before the market continues it's Bearish Trend. NB: This is not a financial advice. Use wise risk management. If you found this useful,...
The price is rising into a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement; it could reverse from this level to our take profit target. Entry: 0.59405 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.59723 Why we like it: There is a pullback...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
With the USD pairs getting weaker, we can expect NZD to gain some momentum to the upside.
We have an interesting technical picture unfolding on the NZD/USD at the moment. From the daily timeframe, it is evident that the currency pair has been underwater for the majority of this year. In fact, year to date, we are lower by -6.6%. Further Selling? Favouring bears at this point is the downtrend shaped by a series of lower lows and lower highs since...
very bearish fundamentals and a swing low for this pair, expecting new lows from the rejection of the MA and fib retracement
I move stop loss to breakeven. I am in profit . My entry size was small . I like to keep the position open to either hit SL or TP.
Price is forming SHS, waiting to see a break above our supply zone to go long. either on breakout or upon retest to the zone.
-weekly sell side liquidity is still not taken out -before selling look for smaller timeframe buy stops to be taken out. - I prefer a 4hr buy stop to be taken out first before looking for sells
Be carefull. This order is against the daily trend, so don´t put big lot. Type of order: pending buy Risk: reward 1:1.5 or 1:1 Good luck.
As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...
The market reached the weekly timeframe zone and began to range so as to gather momentum for a further bearish move. On the daily timeframe, price action formed a Bullish TWEEZER TOP indicating a brief pull to the upward-side possibly for the market to grab topside liquidity. On the 4hrs timeframe, we have a doji candle indicating a change in market...