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...
Preferred direction: BUY Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000 . In the recent past, this level was the growth target for a medium-term deal. This level is currently support. The most likely scenario №1 ...
Currency Pair: NZDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUY LIMIT: Entry Point: 0.60272 Stop Loss: 0.60231 Take Profit: 0.60402
The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 0.6084 1st Support: 0.5984 1st Resistance: 0.6082 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Possible move to the downside for this pair. NZDUSD is correcting from an uptrend on the HTF, but there might another move to the downside. if the resistance turned support is broken it might be a signal of a further move down. Divergence shows.
NZDUSD is currently trading bearish, and there is a good entry in 15 min time frame Risk to reward: 1:3 Comment your opinions regarding this trade.. Also, follow me for more such trades
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.5979 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.5950 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is...
The buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out Potential Trade Opportunity: Currency Pair: NZDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUYLIMIT: Entry Point:...
Hello,Traders! NZD-USD has retested A horizontal support of 0.5976 And we are seeing a bullish Reaction so I think that The pair will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
We are interested in shorting NU for glaring reasons. On the monthly weekly and daily timeframes, price is clearly trending to the downside. Price broke below 0.6000 and is now testing the level as resistance. As long as price does not break above 0.60, this trade idea remains valid. There's a huge potential for 200 pips if this trade idea plays out. Our next...
Preferred direction: BUY Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency . We are considering two main scenarios for...