Preferred direction: BUY
Comment: The main competitors of the US dollar continue their recovery against the American currency and most likely this trend will continue. The accumulated volume allows currencies such as the New Zealand dollar to continue their current growth towards the nearest resistance levels. This level is 0.61500 , that is, for us...
My dear friends,
Please, find my technical outlook for NZDUSD below:
The price is coiling around a solid key level - 0.6144
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6105
About Used Indicators:
The pivot point itself is simply...
First, we must observe how the price responds to the resistance region. This is a good place to monitor the reaction for brief movements and three potential target zones. thus we must monitor price movement in the 0.6072-0.6060 range and manage our trades.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZD Basket - despite lower inflation expectations on Feb 13, the selloff in NZD with short-lived. An analyst from ANZ Bank highlighted scope for further rate hikes. ASB Bank has added fuel to this fire overnight. Money markets are pricing around a 78.4% chance that the RBNZ will keep rates unchanged at next week's meeting. There is a 21.6% probability of a 25-bps...
NZDUSD broke the bearish trendline.
Looking for the price to break above the resistance level, which aligns with the 38.20% fib retracement level to signal further upside potential.
Buying a breakout, the NZDUSD could trade towards the next resistance level of 0.6250 (61.8% fib retracement level)
NZDUSD is approaching a resistance zone around 0.61588 , taking a look back we see how the continuation pattern( bear flag) and in conjunction with the economic news release on NZDUSD last week played out in favor of the bears.
Recently the pair has an overall structure to continue in its downward trend. So we may see a test of the resistant zone.
If the...
Hey team, hope you are Enjoying our Ideas and Analysis, Today we are Monitoring AUDUSD, as a Selling Opportunity Around 0.61543-0.61583.
Once we will Receive any Bearish Confirmation the Trade will be Excuted Good Luck Guy's 🤞
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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: 0.61554
Why we like it:
There is a pullback resistance level
Stop Loss: 0.61856
Why we like it:
There is a pullback resistance that lies above the 38.2% Fibonacci retracement level
Take Profit: 0.60923
Why we...
The price may potentially begin to exhibit bearish signals as it enters the (OB) zone. Alternatively, we could await the mitigation of a Daily Fair Value Gap (FVG) and the emergence of short opportunities.
