NZDUSD to reverse from downside confirmation, potential drop!
NZDUSD to reverse from its downside confirmation at 0.61143 where it could potentially drop further to 0.60455.
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Nzdusddaily
#NZDUSD, An important momentWe have reached a critical area, the NZDUSD has reached a serious resistance line but is accompanied by very positive momentum.
The Ichimoku indicates a change in trend, ie a trend from a negative to a positive one.
However, as long as the NZDUSD did not break the resistance line at 0.6150 this is an opportunity to enter with a sell position.
Target: 0.5920
Watch out for NZDUSD!wait and observe price action near that blue resistance.
if price holds that area of value as resistance, look for valid short entries on lower time frames.
if price breaks out, wait for retest on upper trend line (now acts as support), look for valid long entries.
dont forget to manage ur risks and set ur stop loss. good luck!
NZDUSD Breakout To The Upside (Daily Chart)NZDUSD has shown a strong breakout in it's daily chart, blasting through it's resistance breakout level of 0.60700, making it's way to the next resistance level of 0.62000. I see the upward movement of NZDUSD to continue all the way to 0.62000, which is where I would place my take-profit level. This breakout in the daily chart is a good breakout.
NZDUSD LONG OPPORTUNITYTight 40 pip SL below previous day Asian session low, Looking to take long position after price retrace to 0.60150
Bullish engulfing after bounce will be extra confirmation for me to enter long position. Long term target 200+ pip Reward
Dxy continuing bearish momentum is another confluence that adds validity to long bias. Keeping a close eye on both.
Lets wait and see :)
NZDUSD Market Outlook | Daily Forex Market BreakdownHey traders, please LIKE & FOLLOW, thank you!
NZDUSD is looking really good, I would like to see some more bullish movement pushing NZDUSD above the current trend line. I would like to see some rejections off of previous resistance and I would like to see a clean lower high in the market structure. Keeping a very close eye on this pair for now. Nothing for us just yet but playing out really good so far!
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
Not much movement just going sideways for the time being. Very make it or break it levels right now. I feel we could see a bit more bearish movement before we start climbing back to the upside. Definitely stuck in consolidation for the time being.
This is the best area to sell NZDUSDSimilar to AUDUSD, NZD also managed to pull of a remarkable recovery within a span of few weeks. However, it's not out of trouble. In the daily chart, it's way below the 100D EMA despite the recent gains which indicate the trend is still bearish.
So, the best area to sell NZDUSD, in my opinion, is 0.6100-0.6240.
0.62 was a very strongly Support previous which can now act as strong resistance to limit any upside.
NEW ZEALAND DOLLAR / U.S. DOLLAR (NZDUSD) DailyThe Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. The Djinn Indicators work on all charts, for any asset category and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
NZDUSD--D1--H4--H1--ForecastIn long timeframe it is shown to all that it is continuing a downtrend. But may be it will break trendline and change the current trend to Uptrend. We should see into the shortest timeframe to clear view.
Otherwise this downtrend respect the trendline and price will fall again to create double bottom or anything chart pattern else.