Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.6430 would begin in Midterm.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.6580 on 01/03/2019, so more gains to resistance(s) 0.6860, 0.6970,...
Unlike AUD, it is NZDUSD which is completely invisible to down trend when looking at the weekly stick.
weekly
The current position is a difficult place to hit the YPP (S1) and the trend line.
Because it is a range market, I'd like to think about long at the bottom of the range.
However, as far as EMA is seen, the closest direction is down.
Therefore, long...
New trading suggestion:
*The price is in a down trend and we forecast the down trend would continue.
*There is still possibility of temporary retracement to suggested resistance line(0.71750), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to ...
It has been observed that a Ascending triangle is breaking out on the NZDUSD pair 15 mins chart.
Long can be entered between 0.7179 to 0.7182
Stop: 0.7168
Target: 0.7214
Daily downtrend reacting from the psych level and fib level with bos in the 4h and showing structure breaks in lower timeframe so will wait and enter in the pul back
Price approach at area of value and made trend reversal pattern formation of double bottom once trendline break with change of Character we can take long trade entry opportunity based on other confluence
NDZUSD is creating a "HEAD AND SHOULDER" pattern. The price is now close to the pattern's neck line. A BULLISH candle from here can take an entry from 0.66077. SL 0.64622 (2.20%) TP 0.70159 (6.18%) For learning purpose only. Be patient as a cheetah hunts its prey. Trade wisely
