Nzdusdforecast
The above support will stop the continued weakening of #NZDUSD?After nzdusd broke its support in 0.6478, it strengthened the currency's bearish pattern.
You can see in the graph above that we have further support here at 0.6395 with the possibility of stopping the declines and possibly an increase.
The risk remains high because it is a signal that goes against the trend.
Target: 0.6480
Possible Big Buy incoming for NZDUSDPossible buy incoming for NZDUSD. Price has acted within a parallel trend line channel and has touched the resistance of this trend channel at least 3 times which means the trade can be validated. Price has also been moving around a local resistance zone which means price could be heading up. Keep an eye out for updates as I have put in a tight stop loss of around 30 pips and take profit of 170 pips.
#NZDUSD, An opportunity was created hereIt is true that we have been in the Bear Channel for several months now, it is important to take note of the opportunity created here.
Strong support at 0.6478.
This is the third time that nzdusd has failed to break the support and once it touches the support price rises again.
According to the Stochastic, we are in Oversold with a chance of a trend change.
Target: 0.6630.
NZDUSD Long OpportunityHi guys its Brian here with a long opportunity for NZDUSD
Currently NZDUSD has been falling hard and is reaching areas of support. I have identified 2 price levels specifically and labeled them as Entry 1 and Entry 2.
If you are not sure which entry to use then you can just use both by scaling in your entries. I have also identified a Take Profit level as well.
Entry 1: 0.6487
Entry 2: 0.64177
Take Profit: 0.66069
Stop Loss: Slightly below Entry 2
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Will NZDUSD slide down much further???Een paar dagen geleden is de "Neckline" gebroken en daarna heeft de prijs geen "Higher High" meer gemaakt. Dit geeft ons een indicatie dat de prijs verder zal zal gaan dalen. Wellicht een goed moment om een trade te plaatsen en te zien wat er gebeurd. Tenminste zou de prijs vandaag een "Lower Low" moeten maken.
NZDUSD Monthly Harmonic BAT Analysis and StrategyThis pair is currently trading at a major support zone as seen on the monthly chart (yellow zone) and is forming a Harmonic Bat Pattern. This is a long term pattern but we are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:NZDUSD