NZDUSD Break critical level at 0.6212 and Fibo 61.8% at 0.6216. Break Below 0.6212 then Open The Way To 0.6191 & 0.6184. Break Below 0.6184, then Open The Way To 0.6147. Strong Support At 0.6060. If Break, Bearish Continue. But Hold Above 0.6212, Open The Way To Rebound To 0.6264. Resistance At 0.6312 & 0.6371. Strong Resistance At 0.6468, If Break, Bullish Continue.
On the H4, with the price moving within the descending channel, below ichimoku cloud and MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 0.62151, which is in line with the 61.8% fibonacci retracement and pervious swing lows to the take profit at 0.61411, which is in line with the swing low and 78.6% fibonacci...
NZDUSD - Intraday - We look to Sell at 0.6325 (stop at 0.6375) Previous support located at 0.6250. Previous resistance located at 0.6300. There is no indication that the selloff is coming to an end. Risk/Reward would be poor to call a sell from current levels. A move through 0.6250 will confirm the bearish momentum. Our profit targets will be 0.6225 and...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.63 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.63757, which is in line with the 38.2% fibonacci retracement to the take profit at 0.64379, which is in line with the 78.6% fibonacci retracement. Alternatively, the price may drop to the stop loss at 0.63175,...
On the H4, with the MACD histograms are under zero and DIF crossing below the signal line, we have a bearish bias that the price may drop from the sell entry at 0.63444, which is in line with the 78.6% fibonacci retracement and pullback support to the take profit at 0.62696, which is in line with the 50% fibonacci retracement. Alternatively, the price may rise to...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.637 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H4, with the price is over ichimoku cloud and RSI is moving along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 0.64665, where the swing high and 78.6% fibonacci retracement are to the take profit at 0.65736 where the swing high is. Alternatively, as the MACD histograms are under zero, and DIF is almost crossing...
On the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the buy entry at 0.64641, where the swing high and 78.6% fibonacci retracement are to the take profit at 0.65735 where the swing high is. Alternatively, price may drop to the stop loss at 0.63664 which is in line with 23.6%...
The New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move. If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at...
On the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the buy entry at 0.63834, where the pullback resistance, 23.6% fibonacci retracement and swing high are to the take profit at 0.64646 where the 78.6% fibonacci retracement and pullback support are. Alternatively, price may drop...
On the H4, with price moving along the ascending channel, above the ichimoku cloud and the histogram is above zero axis, we have a bullish bias that price may rise from the buy entry at 0.62995 where overlap resistance is to the take profit at 0.63534 where 78.6% fibonacci projection is. Alternatively, price may drop to stop loss at 0.62155 where the swing low...
The NZDUSD pair turned bullish and reversed the medium-term sell bias exactly on the moment we wanted it last time we posted on analysis on it: As you see, the rebound took place exactly on the Lower Lows (bottom) trend-line of the long-term Bearish Megaphone, a pattern it's been trading in for over 1 year. At the moment, the price is consolidating around the...
Hey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.624 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H4, with price moving along the ascending channel and above ichimoku cloud, we have a bullish bias that price may rise from the buy entry at 0.63029 where overlap resistance is to the take profit at 0.63910 at the swing high, 61.8% fibonacci projection and 61.8% fibonacci retracement. Alternatively, price may reverse off the buy entry and drop to stop...
On the H4, with price moving along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 0.62701 where overlap resistance is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may reverse off the 1st support and drop to stop loss at 0.61968 where the...
On the H4, with price bouncing off to the ascending trendline, also, the momentum of red histogram is decreasing, we have a bullish bias that price may rise from the buy entry at 0.62053 where 50% fibonacci retracement is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement . Alternatively, price may reverse off...
On the H4, with price bouncing off to the ascending trendline, also, the momentum of red histogram is decreasing, we have a bullish bias that price may rise from the buy entry at 0.62053 where 50% fibonacci retracement is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may reverse off...