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
NZDUSD has been rejecting the weekly Trendline and form a weekly engulfing candle. We can look for selling signal or pending your sell order next week.
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...
The FX_IDC:NZDUSD chart has formed 2 bullish cypher patterns on the hourly chart. The first purple bullish cypher has been completed where the D leg of the pattern was at a horizontal support line and the price action is moving towards the targets for that at 0.7258 post which the price action should reverse and come down to complete the CD leg of the Yellow...
There is a potential completion of a bullish Gartley pattern on the NZDUSD 15 minute chart. One can go long at the completion of the CD leg at 0.72165 Target 1: 0.72377 Target 2: 0.72570 Stop Loss: 0.72025
Waiting for the price to make retest or breakout on the trend line and closest marking resistance zone.
As indicated on CCI a bullish divergence is seen on NZDUSD pair on the daily chart. We can buy this as per the indicated limits.