A clear breakout of the Bearish Channel could indicate that price is reversing to the upside. My bias is bullish at this time and will look to go long only after price breaks through the current resistance and retests at the zone.
Considering the current market structure on the pair, there are higher chances of the a pullback at 0.59900 and if that holds it's going to send the market higher. Lets see how it goes.
The market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a...
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.
It is based on a chart pattern (Pattern on the daily chart). It neeeds to ffirst retest the zone and after that it appears a buy opportunity
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6037 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and the swing-high resistance. Take...
NZD/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 0.6046 Why we like it: There is an overlap resistance level. Stop loss: 0.6083 Why we like it: There is a pullback resistance which aligns with the 138.2% Fibonacci extension. Take profit: 0.5980 Why we like it: There is an...
NZDUSD - 24h expiry Price action has stalled at good resistance levels and currently trades just below here (0.6050). Price action looks to be forming a top. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 0.6025 will confirm the bearish momentum. We look to Sell at 0.6050 (stop at 0.6070) Our...
- Using other indecators liek BB , we see pair at over-buy. - Price on Day cahrt : movings heading down as R to the pair. - The photo shows my view using channal way. Goooood luck is good risk management :)
Respectfully and greetings to all esteemed traders, today we are here to analyze and review the New Zealand dollar. This currency is facing very attractive fluctuations and on June 16, it had a strong confirmation for a decline. However, currently, there are strong indications for price increase and cash accumulation. I have prepared a simple and appealing chart...
NZDUSD prices rose recently, after having a divergence around the area of daily support around 0.58531, prices continued to move up forming HL and HH now the pair near a daily supply area, with an extremely overbought area on RSI, with reaching the supply area will confirm the ABCD harmonic pattern which leads the prices to fall to the areas of 0.60521 and 0.59550
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6076 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6025 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit 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
New Zealand Dollar Weakens as Inflation Expectations Hit Two-Year Low In early European trading on Monday, the New Zealand dollar declined against the US dollar and lagged behind most other major currencies after reports indicated that business inflation expectations for the current quarter had dropped to their lowest level in two years. Technically : The price...
NZDUSD is in a downward trend channel. This suggests that the New Zealand dollar is weaker than the US dollar. Price has recently showed some rejection at the top of the channel therefore we are looking to sell. The Take Profits target should be 0.58807 .We will set our Stop Loss at 0.60400 to manage risk in case the price reverses. It is important to closely...
Preferred direction: BUY Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production. It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count...
Bat (Bearish Harmonic Reversal) pattern in NZDUSD observed in 4 hours timeframe. The bullish trend reversed as expected from point D (potential reversal zone). The current bearish trend can be used to take short positions.
NZDUSD currently bearish and we present you nice setup based on our new strategy Hope you like our idea , do not forget to mention your thoughts Follow for more