NZDUSD is now on major support range.6850. stochastic is in over sold area, its good long term trade almost we get 500 pips here.we can aim that 7400. all the best guys.
I think NZDUSD is very interesting. Here's what we saw in the webinar we had this evening.
The pair has a beautiful Head&Shoulders (at least following my trading strategy),which, at the moment, gives us a double possibility :
1. The Neckline breakout ;
2. A rebound on the Neckline .
If number 1 occurs, I will wait a rebound on it , where I should...
Hi,Trader
There is a end of this bigger corrective structure with lower and higher degree of 5th wave and C " wave respectively.
After reaching the level we will look for a new impulse.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
Reserve Bank Of New Zealand
Interest rate decision:
The Consumer Price Index CPI rose by 7.2% in September 2022, it's fall from August's print but still higher than experts thought which the consensus is 6.5.
Economists expect the Reserve Bank of New Zealand to lift the cash rate by a record 75bps while money markets wager a roughly 65% probability for the...
On weekly time frame, nzdusd has break flag and pole pattern and now on daily time frame, it has retested the trendline. so we can make buy entry with risk reward ratio 1: 2 FX:NZDUSD
Its creating Bullish flag pattern.
Seasonality started for NZDUSD to move uptrend.
It may create some fakeout be aware of stoploss Hunt.
Wait for price come buy zone then Enter .
Use minimal stoploss to avoid huge loss.
Before entering the trade do your own research.
Key Points.
1. The New Zealand Dollar is still struggling to find a direction.
2. on 30 March NZDUSD break Trend and now it is struggling.
3. On daily chart it is Falling wedge Pattern According to that if it goes up today and Complete Bat Pattern still it Gonna Come Down so double possibility of Bearish Reversal Bat pattern. ;)
i am looking long position on NZDUSD at 0.61680
I am using support and resistance as a basis for my trading. NZDUSD seems to be moving upwards based on the chart and trend line,
The information are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
Market still round 2193 to 2203
Wait today...today Unemployment and Final GDP NEWS
If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300
If market cross & CLOSE BELOW 2145 it will be RED ROSE...
then NEXT buy zones will be
2038-2025
1995-1973
1948-1931
1829-1811
Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN...
The 1 hour pattern suggest a double bottom pattern as support. With the trend line break we can look for a buy in NZDUSD, Use tight stoploss as mentioned in setup. DM for any pair setups. Have a nice ride
