NzdUsd towards 0.6600?From the beginning of September NadUsd has formed a H&S reversal pattern. Now the pair is consolidating just under the neckline resistance and it seems that is accumulating pressure.
A break here would expose 0.65 psychological level and 0.66 for a swing target.
Strategy:
Buy the market
SL @ 0.6360
Target 1 @ 0.65
Target 2 @ 0.66
Nzdusdforecast
#NZDUSD, Returning to the ups?Upward trend on the daily chart.
Stochastic Indicator approaches the Overbought upper value.
We have drawn a resistance line at 0.6450 in the graph above as you can see the nzdusd has trouble breaking the above line.
Buy only having a resistance line break
By then Sell with a target of 0.6330
NZD/USD: Weekly Outlook and TradingplanHey tradimaniacs,
welcome to the weekly preparation of NZD/USD.
Check all the charts to see details. ;-)
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Peace and good trades
Irasor
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NZDUSD - Forex Majors | Elliott Wave Patterns | November 2019NZD/USD - Elliott Wave Technical Analysis
Structure & Degree: 3-swings Sequence in a Primary Degree Y (pink)
- Intermediate (A) (blue) - Sharp Zig-Zag
- Intermediate (B) (blue) - Complex Expanding Flat in Minors WXY (turquoise)
- Intermediate (C) (blue) - Bullish Impulse
Minor 1 (green): 5-swing sequence, decomposed as a 5-3-5-3-5 in Minutes i ii iii iv v (green)
Minor 2 (green): Complex Double Three in Minutes wxy (purple)
Current Position & Pattern:
- Minute y (purple), bearish 3-swings or 5-swings sequence
Expected Swing:
- Minor 3 (green) accumulation cylinder: 3 of 3's Impulse, Bullish Sequence
Technicals & Confirmations:
- 61.8 or 71.6% Fibonacci Retracements of Minor 1 (green)
- 161.8% or 200% Fibonacci Extensions of Minutes w & x (purple)
- Bullish Divergence at the Fibs
- Ascending Channel, lower trend-line support
- Bullish Harmonic Structure
NZDUSD - Monday Update - From last WeekANALYSIS ON NZDUSD
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the NZDUSD pair.
- Price below the 200 day EMA.
- Expecting more upward momentum.
- Price also seating on the 50% fib retracement level. Price could move the the 38.2% fib level so keep an eye out.
Stay Tuned
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