NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently down a bit. The main reason for this is the slowdown in COMMODITIES and the slight strength of the USD. The POSITIVE SENTIMENT for USD has not diminished yet. The NZD FEATURE stands at 0.6560 LEVEL. The DXY is currently up to 102.54. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is moving towards the RISK ON side. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES is showing a UP SIDE BIAS right now. MARKETS currently have a NEUTRAL SENTIMENT, but the RISK ON SENTIMENT is too heavy. HIGH BEATA CURRENCIES are also UP going very well.
- NZDUSD PRICE can return to 0.6520 LEVEL and then UP from that LEVEL. NZDUSD SHORT TERM may be further BUY if COMMODITIES PRICES UP UP, VOLATILITY DOWN.
- NZDUSD PRICE can go to 0.6520 LEVEL before UP. Then you can BREAK the TREND LINE and UP to 0.6730 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
Nzdusdprediction
NZDUSD movement for weekly (30 Aug - 06 Sep 2021)Hellooo...My dragon Friends
i see NZDUSD this week willl finished our trend.
and stop for a while at the resistance and make some retracement down,
make right shoulder. wait until confirmation SHS, and wait until break the resistance.
if break, will confirmation inverted SHS pattern
Lets See
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Disclaimer On
NADUSD - The Ending Diagonal pattern represents the end of the fIn the 60-minute chart, the divergence in MACD and RSI is quite clear, and also the 3-wave structure of the sides shows the Diagonal pattern.
By crossing the price from the range of 0.6878, which is the end of the 4th wave of this pattern, we can get the confirmation for the downtrend and the targets of 0.6795 and then 0.6700 price level.
NZDUSD has breached a major weekly level. Short!NZDUSD has breached a major weekly level. The upper trend line was also rejected. Looking for a retest back to the lower trend line and possibly a break of that trend line. -StampsFX
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NZDUSD bouncing up perfectly, remain bullishBuy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area once again and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).
RSI (34) has made a really nice bullish exit signalling that a further bullish movement can be expected on NZDUSD. A bullish pullback to support is also seen signalling that a bounce is impending before a further rise.
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NZDUSD profit target reached perfectly, time to start sellingSell below 0.7240. Stop loss at 0.7285. Take profit at 0.7176.
Reason for the trading strategy (technically):
Price shot up and reached our profit target perfectly from yesterday. We now turn bearish below 0.7240 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to 0.7176 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing strong resistance below the 92% level.