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Nzdusdbullish

NZD/USD: correction, followed by further growth.The NZD/USD pair has shown an upward reversal, so buying is preferred. Currently, our trading strategy indicates the need for a downward correction. The ideal scenario on November 06th would be a touch of the November 2nd high at 0.59171. On Monday, a small momentum-driven growth is possible, followed by a correction. In any case, after the completion of the correction, the minimum target for growth is 0.60555 (the high of October 23rd). We recommend buying after the correction with targets at 0.60555 and higher.
Long
by ForbesRatingN1
NZDUSD H4: Bullish outlook seen, further upside above 0.6220On the H4 timeframe, prices have broken above a key resistance-turned-support zone at 0.6220, which is in line with the 23.6% Fibonacci extension. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 0.6300, which coincides with the 61.8% Fibonacci retracement. Prices are holding above the 50 EMA, and MACD is showing bullish momentum while ADX is above 25, supporting our bullish bias.
Long
by T3-Consultancy
1
NZDUSD buying opportunity | 25 Nov 2022On the H1 timeframe, prices are on an uptrend which surpassed the resistance turned support zone at 0.61800. Price has thus approached the 0.62780 resistance where a break to the upside could see prices push higher. Given the slower than expected rate hikes of the Fed which has weighed down the Dollar, coupled with the historic rate hike of 75 bps by the RBZ recently, we expect the current bullish trend to extend to the next resistance zone at 0.64500. Stochastic RSI has dipped into the oversold region as well, supporting our bullish bias.
Long
by T3-Consultancy
NZDUSD LONG swing trade with 3 confluences List of confluences: 1: Weekly chart breakout and chart in market structure. 2: Weekly and daily Chart short to medium term trendline breakout. 3: Potential Head and shoulder formation on daily chart Summary: When we look on the weekly time frame, we can see a clear bullish market structure change and breakout. Usually after such a strong breakout we tend to see a very strong pull back which lasted just over two weeks in this case and is visible on the daily time frame as well. Most the traders who took this setup right after the weekly candle breakout had a strong potential of getting stopped out so its advise to wait a few days before looking for entries. When looking at the weekly and daily chart, we can see a breakout of a short to medium term trendline. After the breakout we can see a very strong pull back as stated above. Lastly we can see the potential formation of a head and shoulders pattern which further confirms out long basis on the NZDUSD pair. This trade will be left to run for about 2 to 3 week or until the target is reached, which ever comes first. Targets are set using Fibonacci. Lets see how this plays out.
Long
by NDOBObanks