"NZDUSD currently exhibits a bullish trend, although bearish divergence and a potential bearish double top formation suggest caution. The presence of a bullish flag pattern amidst sideways price movement indicates uncertainty. With price currently consolidating, a breakout above 0.61406 would favor bulls, while a break below 0.60956 would favor bears. Await...
Hello Everyone, The NZD/USD pair has shown positive performance lately. While fluctuations are expected in the near future, the overall long-term outlook remains bullish. TradeWithTheTrend3344
NZDUSD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell NZDUSD Entry Level - 0.6085 Sl - 0.6126 Tp - 0.6002 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The Reasons are; All Timeframes are Bullish starting from the weekly, Daily and 4 hour. It failed to break the daily AOI The previous daily candle stick was BULLISH. There was a strong BULLISH engulfing candle on the 4hour and also on the 1hour right above the AOI.
Preferred direction: BUY Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713 , as well as in the case of the...
Hello traders, I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck
Considering the recent movements of this currency in the past weeks, we can expect a downward movement from the specified area
As title says ! USD will be regaining some strength after short relief stress that was cause by worse that excpected CPI data ! Area above is shorting area . Targets of your choice
The New Zealand dollar is almost unchanged on Tuesday. NZD/USD is down 0.06%, trading at 0.6102 in the European session at the time of writing. The Reserve Bank of New Zealand has shown it can be patient, having held the cash rate at 4.35% for six straight times. The central bank is expected to maintain rates yet again at Wednesday’s meeting as inflation has...
Will play this inverse on NU , due to the nice define shape the parameters of the trade are extremely simple. I won't pass up the nice RR opportunity.
The suggested buy zone for NZDUSD is currently at 0.60075, indicating a favorable entry point for potential investors. This strategic entry level is complemented by carefully calculated take profit points, set at 0.60341, 0.60525, and 0.60609, offering multiple opportunities for profit-taking as the trade progresses. Additionally, a prudent stop loss order is...
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
sell zone for the NZD/USD pair is at 0.59989. This indicates a favorable position to sell the New Zealand dollar against the US dollar. Traders may consider taking profit at various levels: first at 0.59756, followed by 0.59486, and then at 0.59289. These levels represent potential points of exit where traders can capitalize on their positions by locking in...
I set a longer term target for this, you can enter and take profit along the way.
Take a look at our analysis for NZDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.600. Considering the today's price action, probabilities will be high to see a movement to 0.587. P.S We determine oversold/overbought condition with RSI...
As you can see, the trend has reversed up. The combination of a double bottom pattern and price action resulted in a bullish pattern with a short time frame. In my perspective, it's obviously broken from the down trend channel. Finding long trading opportunities in NZDUSD is the better option. The trend is your friend.
1. **Currency Pair and Timeframe:** - The chart represents the NZD/USD currency pair. - The x-axis corresponds to time, spanning from late February to early June. - The y-axis represents the exchange rate value in USD. 2. **Chart Features:** - The main feature is a blue line graph that depicts the fluctuations in NZD/USD's value over the specified...
The NZDUSD is setting up for a bullish breakout this week and target above the .6150 level and closer to .6200 if the US CPI data comes in weaker than the market expects. You can see below that the NZDUSD is capped by the 200dma (red) but developing a bullish pennant. The NZDUSD also is consolidating after breakout out of a descending channel which does suggest...