On the H4, with the price moving within the descending channel, below ichimoku cloud, If the price can break the sell entry at 0.57984, which is in line with the 78.6% fibonacci projection, 161.8% fibonacci extension, 127.2% fibonacci extensions successfully, we can expect the price drop to the take profit at 0.56546, which is in line with the 200% fibonacci...
On the H4, with the price moving within the descending channel, below ichimoku cloud, RSI is showing a descending trendline. If the price can break the sell entry at 0.57984, which is in line with the 78.6% fibonacci projection, 161.8% fibonacci extension, 127.2% fibonacci extensions successfully, we can expect the price drop to the take profit at 0.56546, which...
Hey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.60100 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 0.60361, which is in line with the pullback resistance and 38.2% fibonacci retracement to the take profit at 0.59624, where the 78.6% fibonacci projection and 127.2% fibonacci extension are. Alternatively,...
The NZDUSD pair had previously completed its bullish leg above the 1D MA50 (blue trend-line) before starting the new correction on the August 12 High, as we illustrated on our previous analysis: Right now the price is again the closest its been since July 12 to the bottom (Lower Lows trend-line) of the 1 year Bearish Megaphone pattern. This makes the odds of...
GBPNZD We expect the pair to rise, as trading is above the bottom of the first wave at 1.87741 prices, and we also expect the continuation of the rise to end the wave ((iii)) at prices above 1.9600 to end the waves
On the H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 0.59960, which is in line with the swing low and 61.8% fibonacci projection to the take profit at 0.59062, where the 100% fibonacci projection is. Alternatively, the price may rise to the stop loss at...
Hey traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.613 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
NZDUSD is expected to be extremely bullish for many months to come as the United States dollar weakens.
NZDUSD - Intraday - We look to Sell at 0.6100 (stop at 0.6150) Previous support located at 0.6000. Previous resistance located at 0.6050. There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 0.5975 and 0.5950 ...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60900 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
NZDJPY We expect the rise to continue to 1.618% to end the C wave at 92.85, as trading is the highest support point at 84.749, and we expect more rise in the coming period on the pair
On the H4, with price moving within the descending channel, below ichimoku indicators and MACD showing a death cross, we have a bearish bias that the price may drop from the sell entry at 0.59967, which is in line with the 61.8% fibonacci projection. If the price can break the sell entry, the take profit could be at 0.59497, where the 127.2% fibonacci extension...
The NZDUSD heads into unchartered territory! As the price breaks below the 0.6060 support level, the NZDUSD is heading into price levels last seen in 2020, during the pandemic. With the price currently at 0.6040, look for the NZDUSD to trade lower towards the round number level of 0.60. However, the key support level is at 0.5930. While there could be a...
nzdusd reaching towards its buyu level where yesterday market create a order block now market going to take it
On the M30 time frame, prices are approaching resistance at 0.6150, in line with the Fibonacci confluence levels where a pullback to this zone could present an opportunity to play the drop to our next support target at 0.6080. Stochastic is approaching resistance as well supporting the bearish bias.
Hello Traders Last week, NFP and unemployment news did mixed signals. NFP got bullish but so weak. in the other side, unemployment did a bearish signal. We believe all USD pairs are going to make correction moves until FED's interest rate decision. So here is why we are bullish on NZD/USD: 1- RSI and Stochastic made a RD+. 2- Possible Double bottom...
NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen. The NZDUSD has a strong descending...