NZDUSD - 24h expiry We expect a reversal in this move. Price action looks to be forming a top. A move through 0.6340 will confirm the bearish momentum. Momentum is flat, highlighting the lack of clear direction. The measured move target is 0.6250. We look to Sell a break of 0.6340 (stop at 0.6370) Our profit targets will be 0.6270 and 0.6250...
Hello traders Nzd/usd has possible upside higher time frame suggests bullish condition we have seen sharp move up breaking 0.64680 institutional level and the market dropped 0.61420 to buy at a good price . price comes at that area to buy more price love that level we can target to fill up the void this can take sometimes or faster depending on how fast they want...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.63700 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 0.63700 weekly supply and demand zone. Trade safe, Joe.
NZDUSD - 24h expiry - We look to Buy at 0.6205 (stop at 0.6176) Previous support located at 0.6200. Previous resistance located at 0.6250. Price action looks to be forming a bottom. The trend of higher lows is located at 0.6100. A move through 0.6250 will confirm the bullish momentum. Our profit targets will be 0.6278 and 0.6298 Resistance: 0.6250 /...
Fundamental Backdrop 1. Employment Change q/q which is a leading indicator of consumer spending increased from 0.5% to 0.8%. This shows that overall economic activity has increased. 2. Unemployment Rate maintained at 3.4% instead of the forecast of 3.5%. This shows that the overall economic health is stabilizing. Technical Confluences 1. Next resistance at...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.63 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 0.63 support and resistance zone. Trade safe, Joe.
we like a short here intraday. not advice. we would like to see 38%-50% retracement of previous low. Potential 5 wave pattern spotted.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61900 zone, NZDUSD was trading in an uptrend and successfully managed to break it out and now seems to be in a correction phase in which it is approaching the retrace zone at 0.619 support and resistance area. Fundamentally the market is pricing another rate hike in...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.621 zone, NZDUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.62 support and resistance zone. once bears are confirmed i would consider the channel support as a target keeping an eye also on the...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.616 zone, NZDUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.616 zone, we would also consider potential USD longs ahead of the coming Fomc as the market is expecting further rate hikes with the...
The NZDUSD pair is trading within a Channel Down pattern, having just broken below the 1D MA200 (orange trend-line). The short-term Resistance is the 1D MA50 (blue trend-line). The key here is the 0.60850 Support. As long as it holds, expect a rise back to the top of the Channel Down, with our target being at 0.63000. A closing below the 0.60850 Support, will be a...
The NZDUSD pair is under the 1D MA50, in marginally bearish 1D technicals (RSI = 44.978, MACD = -0.001, ADX = 16.625) but over the 1D MA200 and with S1 just below it. However the long term pattern emerges as an Inverse Head and Shoulders, a technically bullish formation that shapes market bottoms. Consequently, this is a buy opportunity for us targeting R1 (TP =...
An Anticipatory Analysis of Price Action (5) TP3 @ 0.7100 (close trade) (4) TP2 @ 0.6700 (shave 25%) (3) TP1 @ 0.6450 (shave 25%) (2) BSO @ 0.6225 📈⏳ (1) BLO @ 0.6105 📈⏳ ADDITIONAL INFO: 1️⃣ If the PA (Price Action) PB (pulls back) during the NZD News on Wednesday evening, we should be able to capture the UT (uptrend) with this Buy Limit Order 2️⃣However, if PA...
Hey Traders, NZDUSD is trading in an uptrend and now seems to be attempting to break it out after hawkish comment from Fed Waller, If we get dips below 0.61800 i will be watching a potential retrace of the trend from 0.62 support and resistance zone. Trade safe, Joe.
Toward the end of last week, the AUDNZD retraced from the resistance level of 1.0810 to trade down to the 1.0740 price level which coincided with the upward trend line and was within the area of the 38.2% Fibonacci retracement level. The price bounced from the trendline and has now broken above the resistance level as the AUDUSD and NZDUSD weakened on...
NZDUSD on the 4h chart after the test of the 0.63750 area retraced to the 0.618 fibonacci level over a support zone. The price from there started an impulse to the 0.63200 area and is currently testing a 4h resistance. How can i approach this scenario? I will wait for a potential break of the area and if that happen i will monitor the market for a nice long...
Looking for the NZDUSD to break above the interim resistance level and to trade toward the key resistance level of 0.6290 (or 0.63) This move higher would be a continuation of the rebound from the support level of 0.6170, driven by the weakness of the DXY.
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.615 zone, NZDUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.61500 support levels. We would also keep an eye on today's CPI if does come soft that should trigger USD weakness otherwise our plan on...