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...
Trading Ideas-
Short positions below 0.6281 with targets at 0.5876 & 0.5760
Alternative scenario
If price sustain above 0.6281 look for 0.6467 & 0.6581 as targets.
Supports and resistances
0.5876 & 0.5760
0.6467 & 0.6581
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...
Market now forming an symmetrical triangle pattern structure formed, wait for the good entry at the trend line support or resistance level breakout after entering the trade
Trading Ideas-
Short positions below 0.6384 with targets at 0.5933 & 0.5819
Alternative scenario
If price sustain above 0.6384 look for 0.6569 & 0.6684 as targets.
Supports and resistances
0.5933 & 0.5819
0.6569 & 0.6684
Trading Ideas-
Short positions below 0.6545 with targets at 0.6051 & 0.5914
Alternative scenario
If price sustain above 0.6545 look for 0.6771 & 0.6908 as targets.
Supports and resistances
0.6051 & 0.5914
0.6771 & 0.6908
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
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6465).
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 above the 21-Day WEMA, which acts...
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 Ideas-
Short positions below 0.6492 with targets at 0.5960 & 0.5815
Alternative scenario
If price sustain above 0.6492 look for 0.6736 & 0.6884 as targets.
Supports and resistances
0.5960 & 0.5815
0.6736 & 0.6884
hello friends as you can see nzdusd chart is making bearish pennant chart pattern may be market will be go down site but you have to wait for breakout then decide any position thank you.
NZDUSD Buy trade opportunity
NZDUSD has been re-test the support line with a very Strong Bullish Pinbar candle and it has also made a Head and Shoulder Pattern. it is very good opportunity to take a long trade
‘Always trade with Stop Loss‘
