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Nzdusdtrading

NZDUSD: RSI Bullish Divergence calls for a buy.NZDUSD is neutral on its 1D technical outlook (RSI = 51.335, MACD = -0.004, ADX = 18.088), recovering the previous bearish technicals. It seems like the 1D RSI Bullish Divergence on HL is forcing the price to a short term at least bottom with the last two similar situations rising by at least +3.50% over the 1D MA50. Buy (TP = 0.57350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
NZDUSD: Broke under both MAs. Strong sell signalNZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term reboudn back to the 1D MA50 but on the long term we are bearish (TP = 0.58600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
NZDUSD: Short term buy opportunityNZDUSD has turned bearish on its 1D technical outlook (RSI = 42.582, MACD = -0.004, ADX = 53.918) as up until two days ago it was on the 2nd Bearish Wave of the 2024 Channel Down. This wave appears to have ended as the price hit and rebounded on the S1 level, posting so far two very strong green 1D candles. The pair may make one more Lower Low as on February 5th but shouldn't be much lower than the S1 level. We are aiming at a similar +2.48% rise to the LH (TP = 0.60850). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
NZDUSD: 1D MA50 rejection. Clear sell signal.NZDUSD is on a bearish 1D technical outlook (RSI = 42.566, MACD = 0.000, ADX = 31.358) as not only is the long term pattern a Bearish Megaphone but even this week got rejected on the 1D MA50 and maintains the LH sequence. We are bearish on this pair aiming for a -4.18% decline from this week's LH (TP = 0.59600), which is the lowest decline of a 1D MA50 correction there's been inside this pattern. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDUSD: Top of the Megaphone calling for a sell.NZDUSD reached the top of the Bearish Megaphone pattern and along with the overbought 1D technical outlook (RSI = 71.202, MACD = 0.006, ADX = 58.197) is on the ideal short level. The last LH was priced just under the 0.786 Fibonacci level and this is where the price is currently at. We turn bearish, targeting the 1D MA50 (TP = 0.60500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDUSD: Near the top of the Channel, expecting rejection.NZDUSD got rejected 2 weeks ago on the 0.618 Fibonacci level and as the price recovered, we find it again near the top of the long term Channel Down. With the 1D technicals going just over the neutral zone (RSI = 55.348, MACD = 0.001, ADX = 20.776), this is starting to be an optimal level to begin shorting. We are placing a first sell here, targeting the -0.236 Fibonacci extension, which is near the bottom of the Channel Down (TP = 0.59000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
NZDUSD Conditions for a buyNZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom. There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry. Trading Plan: 1. Buy if the price closes over the MA50 (4H). 2. Buy when the MACD (1d) completes a Buy Cross. Targets: 1. 0.62150 (Fibonacci 0.618) in both cases. Tips: 1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry. Please like, follow and comment!!
Long
by TradingBrokersView
14
NZDUSD Head and Shoulders pattern issues a sell signalThe NZDUSD pair is under the MA50 (4h) and about to complete a Head and Shoulders pattern. A break under Support (1) would accelerate what is already a strong sell signal. Trading Plan: 1. Use split lot. Sell half on the current market price and the rest if/ when the RSI hits its Resistance. Targets: 1. 0.6100 (over Support 2). Tips: 1. The MACD (4h) completed a bullish cross on the lowest level in the past month. This may delay the drop to Support (2) for a while but doesn't invalidate the pattern. Please like, follow and comment!!
Short
by TradingBrokersView
1