empty
 
 

Forex Analysis & Reviews: NZDUSD Potential for Bearish Drop | 30th November 2022
time 30.11.2022 10:07 AM
time Relevance up to, 01.12.2022 10:07 AM

This image is no longer relevant

On the H4 chart, we have a bullish bias with the price moving above the Ichimoku cloud and has broken out of the ascending channel. If this bullish momentum continues, expect the price to continue heading towards the 1st resistance line at 0.62092, where the 88% Fibonacci line is. Alternatively, the price may head back down and retest the 1st support at 0.62044, slightly below where the 78.6% Fibonacci line is.

Trading Recommendation

Entry: 0.62092

Reason for Entry:

1st resistance line

Take Profit:0.60637

Reason for Take Profit:1st support line

Stop Loss: 0.62891

Reason for Stop Loss:

Previous swing high

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

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

USDJPY, H4 Bullish Breakout Opportunity
Today we take a look at USDJPY Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Author: Dean Leo
05:34 2023-02-06 UTC--5
688
USDJPY Potential for Bullish Rise towards previous swing high |
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 130.602, where the overlap support and 23.6% Fibonacci line is. Stop loss will be at 128.082, where the recent.
Author: Dean Leo
04:01 2023-02-06 UTC--5
973
NZDUSD Potential for Bearish Drop to intermediate support
Looking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku cloud, Looking for a sell entry at 0.61966 where the overlap support and the recent swing low. We are looking to take profit at 0.60183, where the intermediate support is and 50%.
Author: Dean Leo
03:59 2023-02-06 UTC--5
1063
Show more
  • 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 $1000 more!
    In February we raffle $1000 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

USDJPY Potential for Bullish Rise towards previous swing high |

Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback

Dean Leo 10:01 2023-02-06 UTC+2

USDJPY Potential for Bearish Drop towards previous swing low

Description : Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking

Dean Leo 08:31 2023-02-03 UTC+2

EURGBP Potential for Bullish Rise towards previous swing high

Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price heading towards the Ichimoku cloud, indicating a bullish market. Looking for a pullback

Dean Leo 09:19 2023-02-01 UTC+2

USDCAD Potential for Bullish Rise towards overlap resistance

Description : Looking at the H4 chart, my overall bias for USCAD is bullish due to the current price heading towards the Ichimoku cloud, indicating a bullish market. Looking

Dean Leo 09:08 2023-01-31 UTC+2

EURCAD Potential for Bearish Drop towards previous swing low

Looking at the H4 chart, my overall bias for EURUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market structure. Looking

Dean Leo 08:51 2023-01-30 UTC+2

USDCAD Potential for Bearish Drop towards previous swing low

Description : Looking at the H4 chart, my overall bias for USDCAD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking

Dean Leo 08:02 2023-01-27 UTC+2

USDJPY Potential for Bearish Drop towards previous swing low

Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking

Dean Leo 07:43 2023-01-26 UTC+2

EURGBP Potential for Bullish Continuation towards recent swing high

Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking

Dean Leo 09:02 2023-01-25 UTC+2

USDCAD Potential for Bullish Continuation |

Looking at the H4 chart, my overall bias for USDCAD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking

Dean Leo 06:08 2023-01-20 UTC+2

USDCAD Potential for Bullish Continuation

ooking at the H4 chart, my overall bias for USDCAD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking

Dean Leo 09:22 2023-01-19 UTC+2
Can't speak right now?
Ask your question in the chat.