As expected, Target 0.6529 is DONE, ater broke below 0.6864, which Canceled Bullish Outlook. Break & Hold Below 0.6488, Bearish Continue, Potentially Target 0.6382 & 0.6340. Resistance 0.6529 & 0.6646. Break Above 0.7034, Buliish Resume, Potentially Testing 0.7218. Break Above 0.7218, Potentially Testing 0.7316 & 0.7464.
As we see the market is in a downtrend and break the previous higher low and now going further in a downtrend. So we make a Resistance Zone and a FIB 0.618 to 0.5 retracement area to take a Short. . Not a Financial Advice..
NZDUSD after our previous analysis reached the support area after a long bearish impulse. The price touched the structure at the confluence between the trendline and bounced over it, starting a retracement to the upside. How can i approach this scenario? I will wait for the EU market open and the potential break of the minor structure area, in that case, i will...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.66239 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.67 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Breaking the strong support line.If yoy note 15 minutes chart,you can see the price line cross the support line meaning a short chance is recognized.
NZD – The New Zealand dollar slipped on Thursday after data showed inflation was not quite as hot as feared in the first quarter, leading investors to slightly widen the odds on another half point interest rate hike by the RBNZ. EUR – The euro rose to a more than one-week high on Thursday after a spate of hawkish comments from ECB officials raised bets that...
NZDUSD on the 4h chart after our previous analysis reached the support area at the 0.618 Fibonacci level. The price from there bounces over the support and is now trading below a minor resistance near to the 0.5 Fibonacci area. How can i approach this scenario? I will wait for the EU market open and if the market will break above the structure i will be looking...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.681 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
PAIR: NZDUSD TRADE: BAT PATTERN POSITION: SELL TIME-FRAME: 1HR -------------------- A couple of nice wins during the trading day. Grateful for another day, filled with opportunity to get involved. Another intraday / day trade opportunity on the NZDUSD pair, 1HR time frame, in the form of a Bat Pattern. -------------------- Truly grateful to be here...
NZD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At their April meeting the RBNZ surprise economists but not STIR markets by delivering a 50bsp hike, taking the OCR to 1.50%. The bank stressed, like most others, that inflation is a concern and that they will ensure that higher price pressures don’t become embedded in longer-term inflation expectations. The...
Price is near to pivot level. We are expecting price to have a bullish bounce from buy entry level of 0.67279 in line with 78.6% Fibonacci projection, 138.2% Fibonacci extension and -27.2% Fibonacci expansion. Alternatively, price might continue to dip down to stop loss level of 0.66658 lines up with previous horizontal swing low support. Any opinions, news,...
Hey traders, in this week we are monitoring NZDUSD for a selling opportunity around 0.678 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
NZDUSD on the 4h chart is trading at the top of a bullish trend inside an ascending channel. The price after the recent impulse got rejected by the daily resistance and is now moving to the lower trendline. I expect the price to reach the confluence zone between the weekly support and the trendline before the end of this week and i will monitor the price action...
The NZDUSD pair has been trading within a long-term Channel Down since the start of 2021. Our last call on this pair was a buy signal and our 0.7000 target has been hit: The price broke below the Lower Lows trend-line, creating a small divergence and we have to re-adjust our projected Fibs. As you see, every Lower High has been near the 0.786 Fibonacci...
We expect to see a potential for a bullish bounce from our buy entry of 0.68107 in line with the 78.6% fibonacci retracement and 161.8% Fibonacci extension towards our 1st resistance level at 0.69012 in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is supported by the stochastic indicator where price is at support...
We expect to see a potential for a bullish bounce from our buy entry of 0.68107 in line with the 78.6% fibonacci retracement and 161.8% Fibonacci extension towards our 1st resistance level at 0.69012 in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where price is at support...
Hi, Since this is a strong S/R area and price also aligns with the 50 EMA. We will consider this a potential setup, but we will be waiting for strong bullish price action before we enter this trade long. Entry- 0.68714 Stop- 0.68069 targe- 0.70004