FX:NZDUSD This Is Likely to Happen. Observations- 1)Trend Continuation Pattern (Bearish Flag) 2)Harmonic Impulses. 3)Feb-Ret 0.5 Resistance being followed in previous impulse. 4)Confluence With Old Structure. 5) Strong Resistance Provided by Old Structure.
In a pull back after a sharp selling. Formed bearish flag pattern. Rejection from 50% fib level , might continue to go lower in coming weeks until and unless it breaks 0.71200 level
Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (0.7270). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7245). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Alike all major currency pairs, NZDUSD also benefits from the broad US dollar weakness during the early Tuesday. In doing so, the pair buyers attack an upward sloping resistance line from January 13, currently around 0.7260. Should the kiwi bulls manage to cross the immediate hurdle, backed by upbeat MACD, the quote may not hesitate to challenge the multi-month...
#NZDUSD BUY REASONS FOR BUY: REASONS FOR BUY : 1. VALID FUTURE DEMAND ZONE 2. BREAK HH AND RETEST THE LOW 3. VALID UP TREND ACCORDING TRENDLINE 4. BETTER RISK REWARD
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.719). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.72184). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
NZD USD BUYING OPPORUNITY ... POINTS ARE : 1. HEAVY DEMAND ZONE AND BUYERS PRESSURE 2. BROKEN TREND LINE 3. MANY TIMES TESTED SUPPORT AREA 4. EQUAL LOW ( DOUBLE BOTTEM ) CONFO 5. BETTER RISK REWARD PLEASE COMMENT OR LIKE IF YOU HAVE SUGGESTION ABOUT MY ANALYSIS.. THANKS
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7143). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
We can see the trend has exhausted and a head and shoulder pattern is formed. The breakdown has already happened, but wait for a retest if the SL is out of your risk limits. Cheers.
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.7225). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...