Preferred direction: BUY Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713 , as well as in the case of the...
Preferred direction: BUY Comment: The current week will be the most intense compared to the previous one, as a number of important economic data are expected to be published. The focus will certainly be on the US CPI. Against this background, we still adhere to the buy priority for the Australian dollar and expect growth to the maximum level of 0.66460 ...
Preferred direction: BUY Comment: As a result of last week, gold showed local growth and closed above the level of 2343.869 . This trend is likely to favor buyers, especially in the short term, as we expect the publication of US inflation data on Wednesday, which is likely to particularly affect short-term trends. You need to take this into account and be...
Preferred direction: BUY Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published. The likely best...
Preferred direction: BUY Comment: The previous week passed without particularly important economic events, against the background of which we did not observe much volatility in the market or changes. Thus, the prospects for growth against the US dollar at the beginning of this week remain. It is not too late for euro buyers to open a trade, if this has not...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6037 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and the swing-high resistance. Take...
NZD/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 0.6046 Why we like it: There is an overlap resistance level. Stop loss: 0.6083 Why we like it: There is a pullback resistance which aligns with the 138.2% Fibonacci extension. Take profit: 0.5980 Why we like it: There is an...
NZDUSD - 24h expiry Price action has stalled at good resistance levels and currently trades just below here (0.6050). Price action looks to be forming a top. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 0.6025 will confirm the bearish momentum. We look to Sell at 0.6050 (stop at 0.6070) Our...
Take a look at our analysis for NZDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.600. Considering the today's price action, probabilities will be high to see a movement to 0.587. P.S We determine oversold/overbought condition with RSI...
Hello,Friends! Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.583. ✅LIKE AND COMMENT MY IDEAS✅
A clear breakout of the Bearish Channel could indicate that price is reversing to the upside. My bias is bullish at this time and will look to go long only after price breaks through the current resistance and retests at the zone.
1. **Currency Pair and Timeframe:** - The chart represents the NZD/USD currency pair. - The x-axis corresponds to time, spanning from late February to early June. - The y-axis represents the exchange rate value in USD. 2. **Chart Features:** - The main feature is a blue line graph that depicts the fluctuations in NZD/USD's value over the specified...
My dear friends, Please, find my technical outlook for NZDUSD below: The instrument tests an important psychological level 0.6026 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5982 Recommended Stop Loss - 0.6053 About Used...
#EURUSD Weekly Prediction Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is ready for a good bearish wave. This is making bearish flag pattern. We can see a good drop in price after this Breakout. Possibly we can get drop upto 200Pips+ soon. When market will open we will update further with...
Preferred direction: BUY Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production. It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count...
Preferred direction: SELL Comment: The Canadian dollar stands out from other majors today as Canadian labor market data is expected to be released. Previously, we adhered to sell priority and the targets for the previous trading idea can be considered closed. Ahead of today's statistics, we remain bearish and highlight two main scenarios. Scenario №1 is...
Preferred direction: BUY Comment: In the second half of the week, the main trading instruments finally began to move in the directions we had previously indicated. For the Australian dollar, today we can expect the previously set target at 0.66460 . At the moment, both scenarios are activated, of course, the most effective, as expected, is scenario №2....
Preferred direction: BUY Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair. Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall...