NZDUSD Sell trade opportunities
It recently breakout short term support line with strong bearish candle expecting to retrace some pips if market retrace so can take a sell trade with good risk rewards
NZDUSD Sell trade opportunities
NZDUSD overall Sell trend its recently reverse from resistance its a good opportunity to take sell here target mentioned in the chart
NZDUSD Sell trade opportunities
it's currently running in the support and resistance area if breaks the support line then the market will go to the next target as we mention in chart
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6514).
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 above the 21-Day WEMA, which acts as a...
Overall, NZD/USD is trending downwards. Recently, NZD/USD bounced off the resistance zone of 0.67100.
The New Zealand Inflation Expectations q/q data (Actual: 3.27%, Forecast: NA, Previous: 2.96%) released last Friday indicated a higher level of inflation expectation from the Reserve Bank of New Zealand.
NZD/USD’s next support zone is at 0.65400 and the next...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6653).
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...
Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100.
The New Zealand CPI q/q data (Forecast: 1.3%, Previous: 2.2%) will be released tomorrow at 0545 (GMT+8).
Currently, NZD/USD is testing the resistance zone of 0.67100 and the next support zone is at 0.65400.
If NZD/USD rejects the resistance zone of 0.67100, look for...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6695).
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...
Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this symbol, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex...
NZDUSD price was in really good uptrend but now on 4h timeframe look like price gonna make a pull back so i will look for sell below 0.71025 lets goo if you guys have any other quetion DM me
As we can see clearly that in my chart the market gave the red candle before closing.
I know the market was volatile on Friday but looking at the previous factors we can say that the asset usually falls from this area and the another confirmation is the Resistance line which threw the market back from this point.
