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Nzdusdbearish

NZDUSD H1: Bearish outlook seen, further downside below 0.6180On the H1 timeframe, prices are showing a downward trend and bearish order flow, with lower lows and lower highs being formed. A pullback to a key support-turned-resistance zone at 0.6180, in line with the 38.2% Fibonacci extension, could present the opportunity to ride the drop to the support zone at 0.6120, which coincides with the 78.6% Fibonacci retracement and extension levels. Prices are holding below the 20 EMA and Ichimoku cloud, and MACD is showing bearish momentum while ADX is above 25, supporting our bearish bias.
Short
by T3-Consultancy
NZDUSD At ResistanceOn the daily time frame NZDUSD has reached a nice resistance. The indicators also have seemed to reach their top and are running out of steam reversing back down for a next bearish wave. How ever its all still fresh. If youre an early bird you could sell NZDUSD now with a 70 pip stop loss and target 0.7025 If you prefer less risk then wait for the next daily candle. If its green it will break the resistance and you can enter a buy, but if it turns red then its a confirmation of a bearish reversal and you join the sell.
Short
by JoshFX1
NZDUSD Wait For Break Out And Trade!!NZDUSD is approaching a resistance but it's also still close to the upper range. Best thing to do is to have some patience and wait for one of them to break out. Then trade it in that direction. Indicators are bearish with ADX red line about to crossover the green line and Stoch is also making a bearish crossover. If you lack patience like I do you could already try to open a short position with a stop loss a bit above the upper range (10 pips) if it happens that this upper range breaks then buy NZDUSD like you would have done if you had some patience ;) :P
by JoshFX1