Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.61800 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
NZDUSD - 24h expiry - We look to Sell a break of 0.6150 (stop at 0.6180) Trend line resistance is located at 0.6175. We expect a reversal in this move. A move through 0.6150 will confirm the bearish momentum. Short term RSI has turned negative. The measured move target is 0.6075. Our profit targets will be 0.6075 and 0.6050 Resistance: 0.6175 / 0.6200 /...
NZDUSD - 24h expiry Previous support located at 0.6175. Previous resistance located at 0.6200. Trend line support is located at 0.6150. A lower correction is expected. A move through 0.6175 will confirm the bearish momentum. We look to Sell a break of 0.6175 (stop at 0.6205) Our profit targets will be 0.6100 and 0.6075 Resistance: 0.6200 / 0.6220 /...
NZDUSD - 24h expiry Previous support located at 0.6125. Previous resistance located at 0.6175. Trend line support is located at 0.6100. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6200 (stop at 0.6230) Our profit targets will be 0.6125 and 0.6100 Resistance: 0.6175 / 0.6200 /...
Hey Traders, In today's trading session, we are closely observing the NZDUSD currency pair for a potential selling opportunity around the 0.61650 zone. NZDUSD has been trading in an upward direction, but recently it broke out of that uptrend. We are now patiently waiting for a correction to occur, which could indicate a possible retracement of the overall trend...
Hey Traders, In the coming week, we are closely monitoring NZDUSD for a selling opportunity around the 0.63000 zone. It is worth noting that NZDUSD is currently trading in a downtrend and is in a correction phase, gradually approaching the major trend line at the 0.63000 support and resistance zone. Additionally, it is important to consider that the Reserve Bank...
Hey Traders, Today, we are closely monitoring the NZDUSD currency pair for a potential selling opportunity around the 0.61900 zone. Previously, NZDUSD had been experiencing an uptrend but has recently broken out of that trend. Currently, it is in a correction phase and approaching the 0.61900 support and resistance zone. It is worth noting that an important event...
We're seeing big resistance at 0.6182 which is a pullback resistance + 50% Fibonacci retracement and a 61.8% Fiboancci retracement. A reversal from here could see prices drop to 0.6149 which is our intermediate support - breaking that level could see a further bearish acceleration down to 0.6119. Please be advised that the information presented on TradingView is...
NZDUSD is trading inside a Channel Down for the whole year and today completed a 1day MACD Bullish Cross. A cross over the 1W MA50 is the final validation of this buy structure. Buy and target at least the 0.618 Fibonacci level at 0.62325. Follow us, like the idea and leave a comment below!!
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61150 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching an important supply area of 0.61150 zone, i would also keep an eye on the stock market to confirm the bias as NZDUSD does correlate in a positive way with...
NZDUSD - 24h Previous support located at 0.6050. Previous resistance located at 0.6100. Price continues to trade within the triangle formation. Risk/Reward would be poor to call a buy from current levels. A move through 0.6100 will confirm the bullish momentum. We look to Buy at 0.6040 (stop at 0.6016) Our profit targets will be 0.6100 and 0.6115...
We're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection. It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower. A reversal from...
NZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom. There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry. Trading Plan: 1. Buy if the price closes over the MA50 (4H). 2. Buy when the MACD (1d) completes a Buy Cross. Targets: 1. 0.62150 (Fibonacci 0.618) in...
NZDUSD - 24h expiry - We look to Buy a break of 0.6100 (stop at 0.6064) Previous support located at 0.6050. Previous resistance located at 0.6100. A bullish reverse Head and Shoulders is forming. A move through 0.6100 will confirm the bullish momentum. The RSI is trending higher. Our profit targets will be 0.6190 and 0.6215 Resistance: 0.6100 / 0.6150 /...
Hey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.613 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently NZDUSD is in a correction phase in which it is approaching the retrace area at 0.61300 support and resistance zone. Trade safe, Joe.
The NZDUSD pair hit our upside target (see chart below) on our last analysis more than a month ago and then started to pull-back: That pull-back was the bearish leg of the long-term Channel Down, which has so far been the dominant pattern of 2023. Today is the 2nd straight green 1D candle since the price came close to the bottom of the Channel Down so the R/R...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60300 zone, NZDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.60300 support and resistance zone. Trade safe, Joe.