Once it breaks previous low @ 0.63486, it is likely to go down towards 0.6289
NZDUSD on the 4h chart after our previous analysis reached as expected the monthly resistance. The market created a double top over the structure with 2 equal highs and is now trading above the 0.64500 support. How can i approach this scenario? We will wait for a potential break of the support area and in that case i will look for a nice short order according to...
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
Analysis of #NZDUSD Similar to my analysis of AUDUSD minutes ago, The Market here also might be coming to test its structural support level near 0.6220-0.6240 where the market witnessed huge demand and rallied big to the upside. if the market comes and tests its lows and provides me a reversal pattern inside the zone with confirmation then I will consider a...
Analysis of #NZDUSD The NZDUSD formed a double top with broken neckline resistance and it did break its trend line support level now we look to sell. waiting for price action to retest my resistance zone near the strong 0.6500 level to initiate a sell entry if the rules are met. ________________________________________ 💭 | Comment your thoughts below, I...
Hello guys! NU for sell. it is just resuming the already established trend which is down trend. Enjoy!!!
Since dixie was very bullish last week it affected this price to drop. So we just need to wait for price to react from the support level and see what would our sentiment would be.
NZDUSD is in the downtrend. It seems like it will keep going down until it reach the support level. It can break the support level or it can get supported back forming a double bottom support level. Good luck
We are waiting for NU to retrace a little to broken support are to make a lower high and continue down to break the lowest low this week. It is FOMC so on all USD pairs we will have to stay patient and not rush into trades until the setup and confirmations are clear.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
This ABCD Pattern is special, the completion of this Bullish ABCD Pattern coincides with the 1 on the 4hourly chart and the amazing part is that the starting point is different and the retracement point, Point C is of a different Fibonacci retracement level. That's the part that made it special. I will watch closely on the NZDUSD because when this trade gets...
retest for support plus we are trending bearish on 4h we a strong structure so i will wait for a pullback and a retest than i will be selling on the retest
Hey everyone, kiwi has started going bearish last week, this week we can see the price can get to the support level or could even break it... the price pull back from the resistance level 0.653 and 0.624... Macd shows the starting of bearish divergence.. good luck
20220612 - 2130H: Weekly display a doji on DKL @0.65309 and follows with a big red bouncing off DKL. Expecting similar path as AUDUSD with a pullback before heading toward channel bottom and possible next WKL @0.5975
NZD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their April meeting the RBNZ surprise economists but not STIR markets by delivering a 50bsp hike, taking the OCR to 1.50%. The bank stressed, like most others, that inflation is a concern and that they will ensure that higher price pressures don’t become embedded in longer-term inflation expectations....