NZDUSD IS TRADING IN CHANNEL AS IT BREAKS RESISTANCE & RETEST OF SUPPORT & GIVEN NICE ENGULFING CANDLE
NZDUSD confluence: -->In daily chart we can see clearly price is falling since Monthly rejection(orange zone). -->Now price may approaching my TL in the event POSSIBLE H.L. may be form. -->Also 78%fib is coincide.I'm patiently waiting for PRICE to play. -->No fantasy 'Plan your trade, Trade your plan'. -->Keep your analysis as simple.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6916). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7004). 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...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7063). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the 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 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...
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...
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...
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...
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...
It has been observed that KiwiDollar is coming near Channel Support close to a good support zone (Marked in Green) along with RSI coming onto the support line. A long can be initiated at Channel Support. Entry : 0.7240 to 0.7249 Target : Next resistance zone at 0.7295. The 2nd target can be aimed at Channel resistance while trailing stops. Stop : Below Green...
NZDUSD extends the previous day’s 200-SMA breakout despite the Reserve Bank of New Zealand’s (RBNZ) status quo. In doing so, the Kiwi pair ignores the overbought RSI (14) line and the RBNZ’s hesitance in lifting the rates. However, bullish MACD signals join the key SMA breakout to keep the buyers hopeful of piercing a downward-sloping resistance line from early...
NZDUSD Since 07 July 2020, NZDUSD has been Trading in a range trend between 0.65356 and 0.74596. Why this matter? In 28th of April 2022 the strong support for year and months got broken, and later on it has traded for recovery from 065203 to 0.65646 however buyers lost stem to drive market again. The NZDUSD is now Trading below major resistance which has been...
NZDUSD currently face monthly support level and NZDUSD few days to downtrend movement but this support face and sustainable levels against NZDUSD create uptrend movement and long opportunity’s