NZDUSD,H4 Perbincangan Carta
OwenNkuna
Oct 20, 2023 at 19:22
DAILY TF REJECTION SHOWS ITS NEXT WEEKS MARKET
forex_trader_3355764
Aug 22, 2023 at 09:40
RSI Indicator Flips Above Signal Line for NZDUSD
The NZDUSD currency pair is currently experiencing a surge as it moves toward the upper band of the declining channel in the 4 hour time frame. Interestingly, the RSI indicator has flipped above the signal line, providing a favorable forecast for bulls. This indicates that the NZDUSD has the potential to touch channel resistance and possibly even break outside the channel to test the 0.236 level of fibonacci.
Despite the RSI signaling a rise in the value of NZDUSD, there are two bullish engulfing patterns and a hammer that are in line with this bullish scenario. However, for this scenario to be considered more valid, the NZDUSD bulls must close above the 0.5963 minor resistance. Only after this occurs will the road to 0.6019 be paved.
It is important to note that the overall outlook for the NZDUSD remains bearish and that this recent rise can be considered as a correction. The 0.236 fibonacci retracement level plays a crucial role in determining the future outlook of the pair. As long as the pair continues to trade within the channel and under the 0.6019 resistance, the bearish outlook will remain valid.
Trading Ideas:
HubuFX analysis team suggests closely monitoring the price action and candlestick patterns to identify an optimal entry point for a short order, either around the upper band of the channel or near the 0.236 Fibonacci retracement level.
The NZDUSD currency pair is currently experiencing a surge as it moves toward the upper band of the declining channel in the 4 hour time frame. Interestingly, the RSI indicator has flipped above the signal line, providing a favorable forecast for bulls. This indicates that the NZDUSD has the potential to touch channel resistance and possibly even break outside the channel to test the 0.236 level of fibonacci.
Despite the RSI signaling a rise in the value of NZDUSD, there are two bullish engulfing patterns and a hammer that are in line with this bullish scenario. However, for this scenario to be considered more valid, the NZDUSD bulls must close above the 0.5963 minor resistance. Only after this occurs will the road to 0.6019 be paved.
It is important to note that the overall outlook for the NZDUSD remains bearish and that this recent rise can be considered as a correction. The 0.236 fibonacci retracement level plays a crucial role in determining the future outlook of the pair. As long as the pair continues to trade within the channel and under the 0.6019 resistance, the bearish outlook will remain valid.
Trading Ideas:
HubuFX analysis team suggests closely monitoring the price action and candlestick patterns to identify an optimal entry point for a short order, either around the upper band of the channel or near the 0.236 Fibonacci retracement level.
forex_trader_3355764
Jul 27, 2023 at 12:25
NZDUSD Poised for Breakout Above Resistance
The NZDUSD currency pair is poised for a breakout, and stabilizing the price above the 0.6246 resistance today. If the bulls are successful in achieving this important milestone, the New Zealand Dollar will be able to set its sights on new targets at higher levels of the Fibonacci retracement, starting with the 50 level and followed by the 61.8 level.
In this scenario, the risk of stop for long positions should be set at 0.6184 or the previous low around 0.6150. Additionally, the simple moving average indicator is currently acting as support around the 0.619 level. However, if this level is breached, the decline could continue to the 0.6056 level.
Overall, this is a critical moment for the NZDUSD currency pair, with the potential for significant gains if the bulls are able to maintain their momentum and push the price above the key resistance level.
The NZDUSD currency pair is poised for a breakout, and stabilizing the price above the 0.6246 resistance today. If the bulls are successful in achieving this important milestone, the New Zealand Dollar will be able to set its sights on new targets at higher levels of the Fibonacci retracement, starting with the 50 level and followed by the 61.8 level.
In this scenario, the risk of stop for long positions should be set at 0.6184 or the previous low around 0.6150. Additionally, the simple moving average indicator is currently acting as support around the 0.619 level. However, if this level is breached, the decline could continue to the 0.6056 level.
Overall, this is a critical moment for the NZDUSD currency pair, with the potential for significant gains if the bulls are able to maintain their momentum and push the price above the key resistance level.
OwenNkuna
Oct 22, 2023 at 07:14
i believe it's failiing to continue dropping as of the H4 TF becoz the Daily TF is forming some rejections so to make a retest on the previuos H4TF retested support ,,,,lost 2 trades trying to scalp a buy but price is forming rejection wicks on the Daily TF
