Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 0.6150, which coincides with the 50% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6000, which is in line with the 141.4% fibonacci extension. Price is hovering below ichimoku cloud,...
On H4 timeframe, price has recently rejected off from a key resistance zone at 0.6200 and broke below an ascending trendline. A pullback to resistance zone at 0.6200, which coincides with 78.6% Fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6080, which is in line with the 241.4% Fibonacci extension.
Price has reacted off a key resistance zone at 0.6095 on the M15 timeframe. A pullback to this zone could provide bearish acceleration towards a key support zone at 0.6060, which coincides with the 61.8% Fibonacci retracement. Price is below 20 EMA, supporting our bearish bias.
On the 15M timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6040, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the resistance-turned-support zone at 0.6000. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continued. According to the NZDUSD chart analysis, NZDUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
On the 15M timeframe, price broke below an ascending trendline and is showing strong bearish correction. A pullback to the resistance zone at 0.6290, which coincides with the 61.8% Fibonacci retracement, could present an opportunity to play the drop to the support zone at 0.6250. Price is holding below ichimoku clouds, supporting our bearish bias.
On 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...
Prices have been testing a key resistance zone at 0.6280 on the H4 timeframe, in line with the 38.2% Fibonacci retracement. A pullback to this level could present an opportunity to ride the drop to the support zone at 0.6150, which coincides with the graphical low and 23.6% Fibonacci extension. Stochastic RSI is approaching the overbought region above 80, while...
On the M30 timeframe, prices are testing a key resistance zone at 0.6250. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6200, in line with the 38.2% Fibonacci extension. Price is hovering near the top of the Bollinger Bands, supporting our bearish bias.
Prices are testing a support-turned-resistance zone at 0.6250 on the H1 timeframe. A pullback to this level could provide the bearish acceleration to the next support zone at 0.6200, which coincides with the 38.2% Fibonacci extension. Stochastic RSI is in the overbought region above 80, supporting our bearish bias.
The market of NZDUSD has formed Bearish Flag Pattern and now giving free fall. It will be good to take sell opportunity on it.
On Friday, the market has formed Bearish Engulf candle on the top, which is strongly indicating for the bears power.
As we can see in the chart that NZDUSD has rejected its uptrend and now falling below its trend line which is giving a strong indication that the market will fall further more to the downside.
Taking this continuation short after this pullback, already a few positions short. Price broke free of the 4hr trendline yesterday. This pullback was not too strong, so I will endeavor to make this position risk free as soon as I can!
NZD/USD delayed post. NZD/USD selling pressure may reach 0.65800 Bearish momentum may fall to 0.65038 Resistance Levels: 0.66466, 0.66752, 0.66984 Support Levels: 0.66001, 0.65800, 0.65038 Possible good entry: Entry price: 0.66400 Stop: 0.67067 Target: 0.65038 Let's watch... #JustTradeFxOnline Thanks for your love and support. Don’t forget to like and...
Unpopular opinion, but DXY looks to retest 98 before it's decline. From this NZDUSD looks due a pullback to the downside. Enjoy!
On 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...