NZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY...
Here is our detailed technical review for NZDUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.610. Considering the today's price action, probabilities will be high to see a movement to 0.605. P.S Overbought describes a period of time where there has...
Why Use Probabilities? In trading, probabilities help us make informed decisions based on mathematical rules and historical data. By analyzing past price movements and market behavior, we can identify patterns that suggest potential future outcomes. This approach allows us to assess the probability of reaching Take Profit Levels. Utilizing probabilities means...
The NZD/USD pair shows signs of potential bearish continuation after a recent pullback from the 0.61179 level. This zone acted as a resistance point where buyers temporarily pushed the price upward but failed to maintain the momentum. The price is now stalling just below 0.61094, indicating that bearish pressure is starting to outweigh buying interest. If this...
Watch for the break of the red trendline and look for an entry on any USD pair after pullback.
NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is a pullback resistance...
Hello everyone, we have identified a fresh demand zone in the NZD/USD pair. The recent move was strong, and the location of this demand zone is quite appealing. You can approach this trade in two ways: either set a buy limit at the weekly demand zone or wait for confirmation before entering. Personally, I use both strategies. Remember, it's crucial to always...
✅NZD_USD will soon retest a key resistance level of 0.6140 So I think that the pair will make a pullback And go down to retest the demand level below at 0.6080 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EURNZD Price rejected at the major key level at 0.6360, where it had been rejected six times previously, showing a strong hold at that level. Since the price has dropped, we are now expecting a bullish reversal at 0.60. A great entry at that level can get you 700 pips in the long term. Good luck!
NZD just touched a significant order block support which has been tested many times in the past -- and bounce off it again and again. This time NZD is back at that level. I expect bounce to the upside thereafter. SEEDED L at 0.6183 initial target 0.630 TAYOR.
Hello,Traders! NZD-USD is going up In a local bullish correction But the pair will retest the Horizontal resistance above Of 0. 6144 soon and from there We will be expecting a Bearish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Intraday Update: The turn lower of the NZDUSD at the .6110 level (high today thus far is .6106) and while below this level the risk remains lower.
NZD/USD 1D – Support Turned Resistance On the daily chart of the NZD/USD pair, a significant **support-turned-resistance** pattern has been identified. This is a bearish continuation signal, suggesting that the price is likely to move lower after retesting a previous support level, which is now acting as resistance. #Pattern Overview: -Support Becomes Resistance...
Following the Fed's lead, the RBNZ also took a big step. The RBNZ took the jumbo step of cutting its benchmark interest rate by 50bps, bringing it down from 5.25% to 4.75%. RBNZ stated that New Zealand's economy is now in excess capacity, and low import prices fuel deflation. They insisted that the committee unanimously confirmed that domestic economic activity...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.6107, which is a pullback resistance. Our take profit will be at 0.6038, a pullback support level close to the 127.2% Fibo extension The stop loss will be placed at 0.6176, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on...
NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is an overlap resistance...
The price is rising towards the pivot which acts as a pullback resistance and could fall to the the 1st support level which is a pullback support. Pivot: 0.6127 1st Support: 0.6051 1st Resistance: 0.6174 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex...