USDNZD ABCD PATTERNAB=CD pattern is observed on the charts but the Potential Reversal Zone is being broken and price continued to rise high
Short Dollar Index at Strong Resistance
The US dollar index, technical analysis compared against the seven other major FX currencies(AUD, CAD, JPY, CHF, GBP, EUR, and NZD), is at a strong resistance level, with RSI momentum levels close to being overbought.
Fundamentally and based on the analysis of various economic indicators, the US
Trend Break USD NZ Clear entry point after trend break making Higher Highs for a Bullish Hammer pattern candle stick for current precise entry point & TP
W PatternPair: USDNZD
Scale: Large
Time frame: 4H
Hello Traders,
W Patterned Formed
Go for Long Position
Thank you
Stay Safe, Happy Trading
USDNZD: Continuation to the upside?I think we may see a continuation pattern to the upside, maintaining the dynamic trendline.
I'm expecting USD strength this week looking at DXY, and NZD remaining vulnerable. Even though NZD performed better at the end of last week, I still expect this cross to grow to the resistance where we may w
USD Currency Index Trying to Find Bid on Major Support ZoneThis is a chart of the US Dollar currency index equally weighted against the majors. It speaks for itself. It is currently consolidating and trying to find support on this major inflection zone. My money is to the upside long term
USDNZD ShortAt a sig level
Good rejection so far
Good risk to reward
You only have a 50/50 chance of being right so good to get into the trade and manage your risk
USDNZD ShortDXY looking Weaker
ZXY is Looking too bullish
So This is why we have to short USDNZD
Green Lines are 2 Previous supports.
Account Size: $10000
Risk only 2% of the account
Entry Point: 1.5752
Stop Loss:1.5892
Tp1: 1.5609
Tp2: 1.5474
USDNZD bearish rectangle Continuation patternA bearish trend is followed by a rectangular continuation pattern.
No Divergence on the RSI
Sell stop order is placed with the entry point of previous LL.
USDNZD - Trend ReversalUSDNZD seems like is in trend reversal.
It was making Lower Highs and Lower Lows and then a Divergence can be seen which might result in a reversal.
Another hint is of Inverse Head and Shoulder Pattern and if the Neckline breaks out, then it will end as a reversal.
Suggestion of Trade Entry (Buy
See all ideas
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