which is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, if the price were to break to the upside the reversal would be confirmed, and the buyers would pile in more aggressively to extend the rally into the highs. The sellers, on the other hand, will likely lean on the resistance to position for a break below
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.61071 Why we like it: There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.61364 Why we like it: There is a pullback resistance that sits above the 38.2% Fibonacci...
Hello,Traders! NZD-USD is going down But it will soon hit a Horizontal support level of 0.6046 And after the retest we Will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Good Day everyone, here is an idea for a Short opportunity! Price has reach EMA and we will expect the price will continue going down. Short now for a good 1 to 2 RR. so far we are at -2R(March) JAN (6R) FEB (1R)
nice target with long awaited entry plenty of room and structure for scaling
Looking at the chart of NZDUSD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Hello traders! Internal structure is bullish and price reach an important demand. On lower timeframe the price form a bullish structure and could start the immpulse. In case the price break the low from lower tf, we are expecting the price to go at the next demand on H4. Good luck!
0.60870 Entry for short NZD USD Break support range Dollar strong Short structure
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
On the weekly time frame I see NU constantly rejecting the 200 ema, also I see a nice bearish gartley. -Daily time frame formed bearish crab -Constant rejection off 200 ema on weekly -Daily time frame shows NU retraced to .5 from big push down and shows rejection. -Confirmations -NFP , all other high impact this week for USD -Mainly WHAT JEROME POWELL SAYS :)
NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Short term RSI has turned positive. A move through 0.6095 will confirm the bullish momentum. The measured move target is 0.6125. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 0.6080 (stop at 0.6060) Our profit targets will...
with bullish divergence and unbroken support making this pair promising to enter into bull run the setup is kept simple just following bullish divergence and by placing buy stop and sell stop
Based on the latest COT report, non-commercial traders (speculators) have significantly increased theirlong positions in the NZD. This suggests that they are becoming less bearish on the New Zealand dollar and may be anticipating a potential rally. Open Positions Retail Sentiment data also shows a decrease in short positions and an increase in long positions...
This Weekly FORECAST Opportunity for NZDUSD. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
what we have here is a very simple idea for a long opportunity.... 1. Price broke support structure on feb 27th followed by a big bearish candle 2. looking left we see price found structure respecting 0.60870-0.60784 region and has failed to break the H4 support structure 3. we could potentially see price head towards 0.61536 region to retest as resistance as...
The market is currently at a vertical support level, and it has touched the trend zone, which it had previously done twice in the buy zone. Now, we expect the market to behave similarly. On the 4-hour chart, the market has formed a head and shoulders pattern, which is almost complete. Now, if the market breaks above the neckline area of this trading pattern and...
Long NZDUSD 1H NZDUSD may see a reverse head and shoulder if it breaks the neckline. Entry Price: 0.61080 TP: 0.61400
A valid supply area is still active. We are patiently waiting for the price to enter the zone.