1. Price rising on declining volume. 2. RSI Oversold. 3. Mac D slightly crossing zero line towards top side. 4. Potential double top forming here. 5. Waiting for more bearish volume to kick in. 6. Mortgage Rates come in 10/19. Would love to see if we continue to rise in mortgage rates.
On the H4, the price is crossing the ichimoku cloud and RSI is rising over 50, we expect that the price may rise to test the sell entry at 0.56862, where the 50% fibonacci retracement is. After testing the 1st resistance, the price may drop to the take profit at 0.55338, which is in line with the swing low. Alternatively, the price may break the 1st resistance and...
On the H4, the price is crossing the ichimoku cloud and RSI is rising over 50, we expect that the price may rise to test the sell entry at 0.56862, where the 50% fibonacci retracement is. After testing the 1st resistance, the price may drop to the take profit at 0.55338, which is in line with the swing low. Alternatively, the price may break the 1st resistance and...
On the M30 time frame, prices are approaching the support zone at 0.55900 which coincides with the 61.8% Fibonacci retracement level and ascending trend line. A throwback to this 0.55900 support zone presents an opportunity to play the bounce to the next resistance zone at 0.5650. This resistance zone is also a graphical resistance zone in line with the 78.6%...
In the failure of the structure that can be seen in this currency in the low time, it can experience a good rise up to the first resistance zone or the ceiling of the previous week.
On the H4, the price is below ichimoku, we could expect the price drop form the sell entry at 0.55955, which is in line with the 23.6% fibonacci retracement and previous swing low to the take profit at 0.54578, which is in line with the 161.8% fibonacci extension and 61.8% fibonacci projection. Alternatively, the price may rise to the stop loss at 0.56862, where...
NZD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE The NZD remains a tricky currency to pin down. Fundamentals that should have provided support over recent months haven’t, and the country’s lower terms of trade has made it the biggest loser among the high betas during recent weeks. The RBNZ stuck to the same script in their meeting this past week, disappointing...
NZD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE The NZD remains a tricky currency to pin down. Fundamentals that should have provided support over recent months haven’t, and the country’s lower terms of trade has made it the biggest loser among the high betas during recent weeks. The RBNZ stuck to the same script in their meeting this past week, disappointing...
Hello Traders Last week, USD got gains with NFP and unemployment results. Also, sentiment around the USD is still bullish so we believe USD is shining even more in the following week. USD Inflation result will be crucial for market movements. So here is why we are bearish on NZD/USD: 1- RSI and Stochastic are declining (4hr TF). 2- Price has broken a bear...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.563 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H4 time frame, prices are approaching the resistance zone at 0.5810, in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci extension. This resistance zone is also a graphical support-turned-resistance zone that has been respected multiple times. A pullback to this resistance zone at 0.5810 presents an opportunity to play the drop to the next...
NZD – The New Zealand dollar perked up on Wednesday after the RBNZ raised interest rates as expected and doubled down on its resolve to contain runaway inflation. Commenting on the meeting, Westpac noted: “The consideration of a 75 by move – given it could reduce the risk of a higher peak in the overall OCR cycle – suggests the RBNZ is now eyeing a considerably...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.578 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
In the ascending guard that has been formed, there is a possibility of growth up to the designated area. The number 0.60 can be our first border target.
On the H4, with the price bouncing from the 1st support, we can expect the price to test the sell entry at 0.57272, where the swing highs and 23.6% fibonacci retracement are. If the sell entry is broken, the “double bottom” pattern will form, the take profit could be at 0.59029, where the 38.2% fibonacci retracement is. Alternatively, the price may drop to the...
On the H4, with the price moving below the ichimoku cloud, we maintain a bearish bias that the price may test the sell entry at 0.57707, which is in line with the 23.6% fibonacci retracement and then drop to the take profit at 0.55591, where the swing low and 127.2% fibonacci projection are. Alternatively, the price may break the sell entry and rise to the stop...
One of the Main Reasons GBP has been going down so much against the NZD is because the NZD has been doing much better against the USD than the GBP has, but now it looks like the NZD's momentum against the USD is fading; and that the USD's Strength against the GBP is also showing cracks. Therefore I believe the GBP will outperform the NZD on many fronts within the...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.572 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.