The Kiwi (NZD/USD) is heading towards an overlap resistance which has been identified as the pivot point. Could price potentially stall around this level before making a bearish reaction to drop lower towards the support level at 0.59392? Pivot: 0.60304 Support: 0.59392 Resistance: 0.60940 Risk Warning: Trading Forex and CFDs carries a high level of risk to...
NZDUSD is showing a strong bullish momentum and could make a continuation to our take profit Entry: 0.60263 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.59425 Why we like it: There is a pullback support level Take profit: 0.61057 Why we like it: There is a pullback resistance which aligns with...
Hello Traders, Just like my NZDCAD analysis (see below for context) this pair has a W pattern on the monthly timeframe that just retraced into the orderblock. On the weekly timeframe, you will notice the M pattern that just traded into same monthly orderblock. I would like to see the orderblock cause the retracement of the M pattern on the weekly chart and...
NZD-USD finally broke the Long-term falling resistance Line and the breakout is Confirmed so we are Bullish biased and I think The the pair will go higher Mid-term !
- NZDUSD is currently making LH and LL showing classic down trend. - Last impulse move went from LH of 0.59930 to LL of 0.59396 a move of 53 pips. - Since, price has retraced to 0.618 fibonacci value making LH of 0.59735 a move of 33 pips. - No bearish divergence has been identified. - Price has completely retraced to trend line making a bearish confluence. -...
NZDUSD has turned bearish on its 1D technical outlook (RSI = 42.582, MACD = -0.004, ADX = 53.918) as up until two days ago it was on the 2nd Bearish Wave of the 2024 Channel Down. This wave appears to have ended as the price hit and rebounded on the S1 level, posting so far two very strong green 1D candles. The pair may make one more Lower Low as on February 5th...
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research
After the second break of structure price hikes to provide us with a shift, this could be a clear bullish market. Looking for a correction to fill the imbalance and mitigate the order block then we can look for buying opportunities…
reason break of structure fair value gap market structure is bearish
Short on NZDUSD - Bearish Trend - Respecting Trendline Looking to sell on Feb Level
Hello,Friends! NZD/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.595 level. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59800 support and resistance area. Trade safe, Joe.
We observe NZDUSD attempting an upward movement. We will place a sell order for a retracement to form the Inverse Head & Shoulders neckline before the price potentially continues to rise further.
NZDUSD printing continous Lower Highs and Lower Lows with RSI indicator not suggesting any Divergence. A trade plan with 1% risk is defined using the Fib Retracement Tool.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Certainly! Here are the key points regarding the concept of a "higher low Fib .38 trend line as resistance": - **Higher Low**: In technical analysis, a "higher low" occurs when the price of an asset pulls back but forms a low that is higher than the previous low. This often indicates increasing buying pressure and potential continuation of an uptrend. - **Fib...
NZDUSD is making lower lows and lower highs. it is in bearish trend
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.