empty
 
 
25.08.2022 05:53 AM
NZDUSD Potential for Bearish Drop | 25th August 2022

This image is no longer relevant

On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from 1st resistance at 0.62122 where the pullback overlap resistance is to the 1st support at 0.60612 where the swing low support and 161.8% fibonacci extension are. Alternatively, price could break 1st resistance and rise to 2nd resistance at 0.63160 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.

Trading Recommendation

Entry: 0.62122

Reason for Entry:Pullback overlap resistance

Take Profit: 0.60612

Reason for Take Profit:Swing low support and 161.8% fibonacci extension

Stop Loss: 0.63160

Reason for Stop Loss:

Overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection

Dean Leo,
Analytical expert of InstaForex
© 2007-2023
NZDUSD
New Zealand Dollar vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
NZDUSD, H4 | Potential Bearish Reversal
The NZD/USD chart currently displays a bearish momentum, with price below a major descending trend line and the bearish Ichimoku cloud. The potential price movement could involve a bearish reaction off the 1st resistance, leading to a drop towards the 1st support level. At 0.6097, the 1st support.
作者: Dean Leo
04:46 2023-03-20 UTC--4
1030
XAUUSD, Day | Potential Bearish Reversal from?
Gold prices have been experiencing a bearish trend for some time now, which is reinforced by a major descending trend line on the XAU/USD chart. The current price could potentially move between the first support and resistance levels. The first support level is a multi-swing low support at 1881, wh.
作者: Dean Leo
04:45 2023-03-20 UTC--4
1015
EURUSD, Day | Potential reversel?
The EUR/USD pair has bullish momentum and may move towards the 1st resistance level. Pullback support at 1.0478, coinciding with the 38.20% Fibonacci retracement level, is currently supporting the price. If the price bounces from this support, it could reach the 1st resistance level at 1.1001, a si.
作者: Dean Leo
04:44 2023-03-20 UTC--4
1015
展示更多
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

NZDUSD, H4 | Potential Bearish Reversal

The NZD/USD chart currently displays a bearish momentum, with price below a major descending trend line and the bearish Ichimoku cloud. The potential price movement could involve a bearish reaction

Dean Leo 09:46 2023-03-20 UTC+2

XAUUSD, Day | Potential Bearish Reversal from?

Gold prices have been experiencing a bearish trend for some time now, which is reinforced by a major descending trend line on the XAU/USD chart. The current price could potentially

Dean Leo 09:45 2023-03-20 UTC+2

Analysis of Gold for March 20,.2023 - Extreme bullish condiiton, potential for the further upside movement

Technical analysis: Gold has been trading upside this morning and I found that Gold is the very strong upside momentum and there is the chance for the multi year highs

Petar Jacimovic 09:25 2023-03-20 UTC+2

USD/CHF analysis for March 20, 2023 - Breakout of the triangle pattern to the upside

Technical analysis: USD/CHF has been trading upside this morning and I found the breakout of the triangle pattern in the background. Due to the breakout of the tight triangle

Petar Jacimovic 09:18 2023-03-20 UTC+2

Indicator analysis: Daily review of GBP/USD on March 20, 2023

The pound-dollar pair may move upward from the level of 1.2176 (closing of Friday's daily candle) to 1.2273, the 76.4% pullback level (blue dotted line). Upon reaching this level

Stefan Doll 09:17 2023-03-20 UTC+2

Indicator analysis: Daily review of EUR/USD on March 20, 2023

The euro-dollar pair may move upward from the level of 1.0666 (closing of Friday's daily candle) to 1.0713, the 38.2% pullback level (red dotted line). When testing this level

Stefan Doll 09:05 2023-03-20 UTC+2

Technical Analysis of GBP/USD for March 20, 2023

Technical Market Outlook: The GBP/USD pair has been seen testing the last swing high located at the level of 1.2202. The bulls had violated the level of 1.2135 which

Sebastian Seliga 08:45 2023-03-20 UTC+2

Technical Analysis of EUR/USD for March 20, 2023

Technical Market Outlook: The EUR/USD pair has been seen moving up towards the last swing high located at 1.0760 and the recent local high was made at the level

Sebastian Seliga 08:45 2023-03-20 UTC+2

Technical analysis of GBP/USD for March 20-26, 2023

GBP/USD may continue an upward movement this week, starting from the closing of last week's candle to the upper fractal. Upon testing this level, the pair will head towards

Stefan Doll 08:36 2023-03-20 UTC+2

Technical analysis of EUR/USD for March 20-26, 2023

EUR/USD is likely to continue its upward movement this week, rising from the closing of the last weekly candle to the 50.0% retracement level. Upon reaching this price, the pair

Stefan Doll 08:34 2023-03-20 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.