NZDUSD H4 | Potential reverse from a major level?We are seeing that price has tested a key resistance which is overlap resistance.
Entry: 0.6253
Why we like it:
There is an overlap resistance which lines up with the 38.2% Fibonacci retracement
Stop Loss: O.6317
Why we like it:
There is a swing-high resistance which lines up with a 50% Fibonacci retracement
Take Profit: 0.6141
Why we like it:
There is a swing low support
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NADUSD
NZDUSD Potential for Bearish Drop to 50% Fibonacci Level Looking at the H4 chart, my overall bias for NZDUSD is bearish, as the current price is below the Ichimoku Cloud, and the ascending trend line has been broken, indicating a change in market structure. Expecting the price to go down, looking for pullback sell entry at 0.62767 where the 23.6% Fibonacci line is, take profit at 0.60053 where the 50% Fibonacci line is, and stop loss at 0.64057 where the recent overlap swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD LONG!!Looking at the H4 chart, we can see that the 1st support is at 0.64102 which is overlap support that is in line with the 50% Fibonacci line. If the price breaks this level, we could see it drop to 2nd support is down at 0.63355. As the current price is above the Ichimoku cloud and there is an ascending trend line, which suggests bullish momentum.
For the resistance, our 1st resistance is at 0.65130 which is a recent swing high resistance area.
Buy entry at 0.64079, take profit at 0.65089 and stop loss at 0.636350
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
💡Don't miss the great Sell opportunity in NZDJPYHi dears
It seems that with the trend line broken, we should see the New Zealand dollar fall in the coming days. The area we are in is a very low risk area for sale. You can use the lower trigger time frame to enter.
Australian Dollar Analysis I put it in detail in my analysis. Take a look at it, it might be useful for you.
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NZDUSD: Short (UPDATE)Hello Traders, here is the full analysis for this pair, I suggest you keep this pair on your watch-list and see if the rules of your strategy are satisfied.
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NZDUSD Can Push DownTraders, NZDUSD has been pushing higher and now it has started to show signs of rejection. But as we are reaching end of the year and the DXY has been pushing down, we need to wait for extra confirmation to take a short on this. I am watching these levels (blue horizontal lines) as my important levels.
Always think risk before profit.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Don't miss the great buy opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6600). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6705
TP3= @ 0.6768
TP4= @ 0.6820
TP5= @ 0.6893
SL= Break below S2
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NZDUSD technically based forecast
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💡 NZDUSD technicaly based idea, we can see price is bounce from bottom trend line, candels formation is strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line, NZD the strongest currency currently USD the weakest.
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NZD USD Weekly ChartMiddle wave B Is 3 3 3 Flat combination
I Will End Up on Weekly Chart As this ::::
WXY Where X it self = abc
Another WXY = 2nd Flat With X = abc
Another WXY = 3rd Flat it Z wave
Total Combined = (A Flat ) X (Flat) Y (Flat) Z = B Complete
I am long on Weekly Chart From 0.6800 Level till Z wave 0.76000
Wish all of you marry XMas ,,Happy Holiday with joy ,, Many Pips in 2017