Preferred direction: SELL Comment: All targets have been completed for this currency pair, and we are not looking above the level of 0.62000 yet. Today, the US dollar is expected to strengthen. Thus, the support level of 0.61500 will be tested soon. More medium-term prospects are still on the buyer's side. Thank you for like and share your views!
Price is rising towards an overlap resistance zone which also aligns with the 38.2% Fibonacci retracement. As you can see, the Stochastic indicator is also in the overbought territory I believe a rejection from this level could lead the price to drop towards thesupport level.
H4 moving average: Against the trend Daily moving Average: With the trend Deep crab pattern on H1 Previous days high with a lot of resistance Quick trade if it doesn't work in 10 hours take either the loss or profit Stop loss at 0.6225
It wiped out that huge fair value gap and then broke market structure. I'm taking a sell position now.
Put the sell-stop order if the previous Higher Low is broken. The AB=CD pattern is completed and there is the possibility of reversal because, at the end of the D point of the AB=CD pattern, there is a potential reversal zone.
The indices of ZXY and DXY shows that the NZDUSD is bullish, it will form a new lower high, we will buy on that lower high and then stop loss will be previous lower loss with 1:1 take profit.
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 0.6184, which is an overlap resistance that aligns with the 127.2% Fibo extension Our take profit will be at 0.6123, an overlap support level. The stop loss will be placed at 0.6238. above the 161.8% Fibo extension High Risk Investment Warning Trading Forex/CFDs on...
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. 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 an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.62020 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 0.62616 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci...
Nzd/Usd broke through the resistance and looks like we will head back up after a being in a downtrend for the past little while.
Expecting a rejection at the sell zone where we'll be looking for sells. Once we get there, jump into lower timeframes and search for any reversal pattern. Your stoploss should be above the sell zone after entering targeting 0.786 fibo level.
www.tradingview.com Short Trade Pair: NZDUSD Tuesday, Jan 16, 24 9:00 am Observation: Sellers in control on 1-hour time frame (TF), Phase E (Wyckoff method) indicating a downtrend trending outside the range. Entry Price (BOS): 0.61573 Target: Base of range - 0.57912 (367.6 PIPS) = 5.97% Stop Loss: 0.61813 (24 PIPS) = 0.39% Risk-Reward Ratio (RR): 15.45
Technical outlook for nzdusd 4h chart, the chart above shows that we're in an uptrend move, and more specifically i think we're in tne middle of an extended wave (third wave). based on wave theory. the targets will be for long term, (063160) (0.63349), and the last target will be the high of December 2023 at (0.63600). with a minimum stop loss at (0.60826).
Hi fellow traders . We are eyeing a potential buy for NZDUSD here. Given we receive ideally a daily close above the daily level marked followed by a valid retest. I expect price to push to the next daily level as shown. Rationale for trade. On higher timeframe we are in a clear continuation. Kind regards Sunny
On NZD/USD is nice to see strong sell-off from the price 0.62240, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Downtrend + Strong volume area is my...
#NZDUSD UPDATE Hey team we are here to update about NZDUSD. NZDUSD is making inverse head and shoulder pattern. And almost breakout done. Here it has maxing chances we can see gain upto 100Pips+. Keep in touch we will update further soon.