It is based on a chart pattern (Pattern on the daily chart). It neeeds to ffirst retest the zone and after that it appears a buy opportunity
Looking for sell we are expecting final drop till next sell side liquidity sweep. Let see
The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 0.6084 1st Support: 0.5984 1st Resistance: 0.6082 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
NZDUSD is currently on a pull-back a bearish impulse is expected
We are interested in shorting NU for glaring reasons. On the monthly weekly and daily timeframes, price is clearly trending to the downside. Price broke below 0.6000 and is now testing the level as resistance. As long as price does not break above 0.60, this trade idea remains valid. There's a huge potential for 200 pips if this trade idea plays out. Our next...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6037 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and the swing-high resistance. Take...
- Using other indecators liek BB , we see pair at over-buy. - Price on Day cahrt : movings heading down as R to the pair. - The photo shows my view using channal way. Goooood luck is good risk management :)
Respectfully and greetings to all esteemed traders, today we are here to analyze and review the New Zealand dollar. This currency is facing very attractive fluctuations and on June 16, it had a strong confirmation for a decline. However, currently, there are strong indications for price increase and cash accumulation. I have prepared a simple and appealing chart...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
Preferred direction: BUY Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production. It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count...
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.5979 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.5950 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is...
Bat (Bearish Harmonic Reversal) pattern in NZDUSD observed in 4 hours timeframe. The bullish trend reversed as expected from point D (potential reversal zone). The current bearish trend can be used to take short positions.
Market Structure Uptrend 1.Trend is Near the Major Trend line 2.There is formation of Double pattern Near the Trend line 3.There is Formation of BAT pattern 4.Mention zone is Potential Reversal zone 5.Wait for Break of Structure 6.Divergence Near to form 7.There is divergence in Momentum 8.MACD line crossing the Signal line
NZDUSD is currently trading bearish, and there is a good entry in 15 min time frame Risk to reward: 1:3 Comment your opinions regarding this trade.. Also, follow me for more such trades
NZDUSD currently bearish and we present you nice setup based on our new strategy Hope you like our idea , do not forget to mention your thoughts Follow for more
As of the most recent data, the NZD/USD pair is trading at approximately 0.6010. The currency pair has been exhibiting fluctuations within a defined range, showing signs of both resistance and support at critical technical levels. The NZD/USD pair is currently trading just below the Ichimoku Cloud. This positioning suggests a bearish sentiment in the market, as...
Preferred direction: BUY Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair. Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall...