📊 NZD/USD 1-Hour Chart Analysis – Feb 20, 2025
🔹 Current Price: 0.57239 (-0.11%)
🔻 Recent High: 0.57324
🔻 Recent Low: 0.57031
🔴 200 EMA: 0.56935 (Acting as support)
🧐 Key Observations:
✅ Bullish Structure: The price has been trending upwards with higher lows, showing strength.
✅ Support Zone: A key support zone around 0.5720 - 0.5730 (highlighted in orange).
✅ Trendline Retest: Price is currently testing the support zone, potentially setting up for a bounce.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers hold the support zone, a bounce toward 0.5740 - 0.5750 could be in play 🚀.
🔹 Bearish Case: A break below 0.5700 could lead to a deeper pullback towards 0.5670 - 0.5660 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for confirmation (e.g., bullish candlestick patterns) around the orange support zone for long entries.
📌 Sell Setup: If the price breaks below 0.5700, consider short positions with targets around 0.5670.
🔥 Final Thoughts: The trend remains bullish unless we break below key support levels. Watch price action near the support zone for potential opportunities!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #NZDUSD #Forex
🔹 Current Price: 0.57239 (-0.11%)
🔻 Recent High: 0.57324
🔻 Recent Low: 0.57031
🔴 200 EMA: 0.56935 (Acting as support)
🧐 Key Observations:
✅ Bullish Structure: The price has been trending upwards with higher lows, showing strength.
✅ Support Zone: A key support zone around 0.5720 - 0.5730 (highlighted in orange).
✅ Trendline Retest: Price is currently testing the support zone, potentially setting up for a bounce.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers hold the support zone, a bounce toward 0.5740 - 0.5750 could be in play 🚀.
🔹 Bearish Case: A break below 0.5700 could lead to a deeper pullback towards 0.5670 - 0.5660 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for confirmation (e.g., bullish candlestick patterns) around the orange support zone for long entries.
📌 Sell Setup: If the price breaks below 0.5700, consider short positions with targets around 0.5670.
🔥 Final Thoughts: The trend remains bullish unless we break below key support levels. Watch price action near the support zone for potential opportunities!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #NZDUSD #Forex
Trade active
📊 NZD/USD Update – Moving as Planned!
🔥 NZD/USD is showing strength and pushing towards our target! The bullish momentum is holding well, with price respecting the support zone and continuing its upward move.
🚀 Next levels to watch: If momentum continues, we could see price reaching the 0.5740 - 0.5750 zone soon.
✅ Plan working perfectly – let’s ride the move! Stay sharp and manage your trades accordingly.
📢 Traders, are you in? Let’s talk! 👇💬 #NZDUSD #Forex #TradeSetup
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
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t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.