This is for short term And this is risky too. Please DYOR before entering the trade.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.5575). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Price has brocken and closed below our daily uptrend, expecting price to continue sell side
Although the RBNZ didn’t disappoint, like the RBA, and announced a widely expected 0.50% rate hike, the NZDUSD pair remains mildly bid after refreshing the weekly top. In doing so, the Kiwi pair stays below a one-week-old horizontal hurdle surrounding 0.5750. With this, the odds of the quote’s pullback towards the latest swing low near 0.5680 can’t be ruled out....
#NZDUSD there is some impotent zone for trade next week
NZDUSD dropped to the lowest level since May 2020 before bouncing off 0.5940 on Friday. The recovery, however, remains unattractive as the Kiwi pair stays inside a six-week-old bearish channel. Even so, the oversold RSI conditions may allow short-term buyers to aim for 0.6100-10 resistance confluence, including the 21-DMA and the stated channel’s upper line. It’s...
NZDUSD to buy when he breaks out, and if you want you can also sell from retest level.
this is the long analysis breakdown of NZDUSD have a look
Expecting a good reaction from this untested base. Look for longs upon confirmation.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6185). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
NZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA. Given the quote’s sustained trading below the previous key supports, as well as the bearish MACD signals and downbeat RSI (14), the pair is likely to witness further downside. That said, the 78.6% Fibonacci...
NZDUSD bounces off a five-week low as it extends the corrective pullback from a weekly falling channel’s support line. In doing so, the Kiwi pair also traces the oversold RSI while approaching the 61.8% Fibonacci retracement level of July-August moves, around 0.6215. The quote’s further upside, however, remains doubtful as the 200-SMA and upper line of the stated...
Although 20-DMA triggered the NZDUSD pair’s latest rebound, the first weekly loss in three joined RSI retreat to keep bears hopeful. The downside momentum, however, needs validation from the three-month-old horizontal support area around 0. 6210-0.6195, other than the 20-DMA level of 0.6225, to push back the buyers. Following that, the previous monthly low, also...
NZDUSD justifies downbeat Q2 New Zealand job numbers while refreshing weekly low, following downside break of a three-week-old bullish channel. However, the 200-SMA restricts further declines of the Kiwi pair, which in turn joins firmer China PMI to trigger the latest rebound. However, support line of the aforementioned channel, near 0.6255, guards immediate...
NZDUSD ended the third loss-making week on a positive side, by marking the biggest daily gains in three weeks. The Kiwi pair, however, couldn’t cross a one-month-old resistance line, which in turn joins steady RSI to keep sellers hopeful. Even if the quote rises past 0.6170 hurdle, a horizontal area from mid-June around 0.6200, comprising the 100-SMA, appears a...
Having reversed from a two-month-old support-turned-resistance, NZDUSD stays inside a monthly falling wedge bullish chart pattern ahead of the Reserve Bank of New Zealand’s (RBNZ) third consecutive rate hike. RSI conditions and a falling wedge at multi-month low tease sellers ahead of the key event for the Kiwi pair. However, the 61.8% Fibonacci Expansion (FE) of...
Following the Elliot wave analysis a big selling opportunity is there in NZDUSD . Target 1 : 0.62713 - FIB LEVEL 0.786 Target 2 : 0.62303 - FIB LEVEL 1.618 Target 3 : 0.61811 - FIB LEVEL 2.618 STOP LOSS : 0.63200
NZDUSD Buy trade opportunities It has recently broken the Resistance trendline and closed above its a good opportunity for a long with very good risk-reward target point also mention in the chart ‘Always trade with Stop Loss