🚨AUDUSD will Fall by H&S Pattern🚨🏃 AUDUSD is moving near the 🔴 Resistance zone($0.598-$0.593) 🔴 and managed to break the Support lines .
📈From the point of view of Classical Technical Analysis , it seems that AUDUSD has succeeded in forming a Head and Shoulders Pattern .
🔔I expect AUDUSD to fall at least to the 🎯 Target 🎯 I have specified on the chart.
New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NZDUSD
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59400 support and resistance area.
Trade safe, Joe.
NZD/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
NZD/USD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.595 level.
✅LIKE AND COMMENT MY IDEAS✅
Rising into pullback resistance, could it reverse from here?NZD/USD is rising toward a resistance level, which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 0.60067
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 0.60455
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection.
Take profit: 0.59308
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD Full Detailed Analysis + Possible Trade Very Soonthe current trend is a down trendline and the price is moving in nice decent waves. if we do a back test you would see that the price will soon hit a strong area of resistance. we should be ready with a sell trade around this area that happens to be the 61% fib level.
Why has the US dollar sunk in the lead up to the FOMC decision? Why has the US dollar sunk in the lead up to the FOMC decision?
Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024.
So, why is the US dollar underperforming to start this week? And does this open up an even more attractive entry point to a long dollar position?
One reason dragging the USD down could be the possible Japanese government intervention as Japanese banks have been reportedly dumping US dollars. The Japanese yen rebounded about 1.4% to 156.000 per greenback after weakening to as low as 160.000 earlier in the session
Another reason could be the prevailing optimism surrounding peace negotiations between Israel and Hamas in Cairo, which has invigorated appetite for riskier assets, like the NZD/USD which is up 0.70% as of writing.
In Australia, robust inflation figures have surpassed expectations, fueling speculation that the Reserve Bank of Australia may defer any interest rate cuts in the near term. The AUD/USD is up 0.55% as of writing.
Across the Atlantic, the United Kingdom's Chief Economist Huw Pill has pointed to recent economic data that might bring the prospect of a rate cut closer, although he remains guarded in his assessment, suggesting that such a move may still be some distance away.
Heading into 50% Fibonacci resistanceThe Kiwi (NZD/USD) is rising towards the pivot and could potentially stall around this region before reversing to drop towards the 1st support.
Pivot: 0.5974
1st Support: 0.5870
1st Resistance: 0.6059
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards 38.2% Fibonacci retracement support?NZD/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.59220
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.59022
Why we like it:
There is a pullback support level
Take profit: 0.59675
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Shorting on Gbpusd or Nzdusd if USD is still to strongerHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
EURUSD LONG TERM IDEA TO 1.0850FX:EURUSD LONG TERM LONG IDEA 1.0850 TP
As we navigate through the complexities of the forex market, the EUR/USD pair has been a focal point for traders worldwide. With the current exchange rate hovering around 1.07 USD for 1.00 EUR1, the question on everyone’s mind is whether the Euro can strengthen to reach the 1.0850 mark against the US Dollar in the upcoming month.
Recent trends have shown the Euro attempting to find its footing, with analysts noting a mix of hesitation and positive momentum23. The currency pair has been working against significant downward pressure but remains within a consolidation area, suggesting a potential for upward movement.
The financial world is abuzz with speculation, as some experts hint at the possibility of the EUR/USD pair falling to parity4, while others see a glimmer of hope for the Euro to rally. Support levels are currently set around 1.05164, with resistance levels at 1.08848, indicating that the 1.0850 price point is within reach, should the market conditions favor the Euro5.
Investors and traders are advised to keep a close eye on the upcoming economic data releases and policy decisions from both the European Central Bank (ECB) and the Federal Reserve (Fed). These events could significantly influence the direction of the EUR/USD exchange rate.
As we approach the next month, the anticipation builds. Will the Euro rise to meet the 1.0850 challenge, or will the US Dollar maintain its dominance? Only time will tell, but one thing is certain—the forex market remains an exciting arena for those with the acumen to navigate its waves.
NZDUSD in the first half of 2024A glimpse of the NZDUSD in the first half of 2024
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
NZDUSD Expected Growth! BUY!
My dear followers,
This is my opinion on the NZDUSD next move:
The asset is approaching an important pivot point 0.5925
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5937
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here price respected my last analysis and filled the imbalance, now we can see a rejection from bearish order block + FIBO 0.5 level. I expect price to continue bearish move to take liquidity below equal lows.
Like, comment and subscribe to be in touch with my content!
GOLD IN BUY CORRCTION
BUY now@2325-2315
sl 2310
tp 2327
tp 2330
tp 2335
tp 2365
tp 2385
tp 2415
buy limit 2303-2295-2288(flip entry confrm)
Sl 2285
Tp 2305
Tp 2308
Tp 2313
Tp 2359
Tp 2392
Tp 2415
BUT
In chart
we got DAY High confrm(Using my Research)
DAY in 80% sell
swing entry
sell limit 2391
sl 2439
tp 2295
tp 2256
tp 2202
tp 2150
tp 2050
tp 1975
INTRADAY ENRTY
Sell limit 2389-2394(flip zone)
Sl 2402
Tp 2387
Tp 2384
Tp 2379
Tp 2280
Tp 2163
Tp 2050
Tp 1984
Sell limit 2409-2412(strong sell zone)
Sl 2419
Tp 2407
Tp 2404
Tp 2399
Tp 2280
Tp 2163
Tp 2050
Tp 1984
NOTES: EDUCATION PURPOSE ONLY
NZDUSD is approaching an important resistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60000 support and resistance area.
Trade safe, Joe.
Strifor || SILVER-25/04/2024Preferred direction: BUY
Comment: Let's refresh our previous silver trading idea. Here, as before, we expect more strengthening of the buyer, however, it must be said that the situation is quite uncertain, and it would be better to even take a closer look at the same major currency pairs, the situation there is more interesting. Scenario №1 is already in progress, and the pressure at 27.50 indicates a likely breakout upward towards the target at 28.50 . We don’t forget scenario №2 and keep it as plan B.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Strifor || AUDUSD-25/04/2024Preferred direction: BUY
Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of 0.65010 . Scenario №1 assumes an increase from current prices towards the local resistance level of 0.65474 , and scenario №2 - after a test of the level of 0.65010 , the goal is the same as in scenario №1 .
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Strifor || GBPUSD-24/04/2024Preferred direction: BUY
Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about growth towards the level of 1.28000.
For a short-term trade, we are considering two scenarios, where scenario №1 is growth from current prices, and scenario №2 is growth after a slight pullback downward towards the level of 1.24000 .
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!