Bullish Indicators:
1. Completed Double Bottom at around 0.54600.
2. Bat Pattern in play.
3. RSI Divergence on Daily TF.
4. Fib 50% Retracement Completed.
Bearish Indicators:
1. Falling Trend Line acting as a strong Resistance
Hello Everyone,
Currently, the NZDUSD price sits above the 1-day Pivot Point (PP), with the objective of consolidating its position beyond the 1-month PP. Despite lingering bearish sentiments, signs of improvement are emerging, particularly noticeable on the weekly and lower timeframes. Once the price firmly establishes itself above the 1-month PP, the overall...
OANDA:NZDUSD is trading inside the descending price channel. A new downward movement is formed on the background of the growing dollar index, the pair is testing the support, the breakthrough of which can give a strong impulse.
A descending triangle is forming on W1, which indicates the weakness of the New Zealand dollar. The price cannot break through the...
Overall the trend should be our friend. NZDUSD is in big bearish trend and after a sharply down movement it is time for a tiny correction. There is a bullish diviregence on the RSI 1H time frame, which may be is going to happen. Once the correction is done and the price hit supply zone it is good idea to look for a enter after candlestick confirmation or bearish...
Hello TradingView Family / Fellow Traders,
On 4H: Left Chart
NZDUSD has been bullish trading within the flat wedge pattern in red and it is currently hovering around the lower bound.
On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close below above the neckline highlighted in gray.
📉 Meanwhile, NZDUSD would be bearish short-term...
FX:NZDUSD broke the lower high on daily/4hr tf and is currently finding support at 0.786 fib level. Bullish divergence is also present at this important 0.786 level! Going long at current market price!
NZDUSD in a Megaphone Pattern
NZDUSD is creating a megaphone pattern after a bullish move confirmed
last week. It was a sudden move but that's the market.
Speculation last week about a possible rise in interest rates from the Reserve Bank of New Zealand was a big one.
RBNZ Governor Adrian Orr said there was a strong consensus among policymakers that rates were...
Hey Traders, in today's trading session we are monitoring NZDUSD For a selling opportunity around 0.61400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area.
Trade safe, Joe.
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.61212 which is an overlap resistance.
Stop loss is at 0.61600 which is a level that sits above an overlap resistance and the 50.0% Fibonacci retracement.
Take profit is at 0.60819 which is a pullback support.
High Risk...
How much longer can the kiwi sell off?
On Wednesday, the Reserve Bank of New Zealand opted to maintain interest rates, coupling this decision with dovish remarks and forward guidance.
Danske Bank economists anticipate a continued decline in NZD/USD in the upcoming year, setting a 12-month target at 0.5700. They think that the RBNZ contrasts with other G10...
Hello,Friends!
Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.612.
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