TAG: NZDUSD

Heading into 50% Fibonacci Resistance

TitleHeading into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we c...

7 months ago

Potential Bearish Breakout

TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.59427 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 0.58648 whic...

6 months ago

Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold

EUR/USDAnalysis:On the chart of the European currency, the direction of price fluctuations since September of last year sets a descending wave algorithm. The wave structure forms a horizontal corrective plane. Extremes on the chart create a "pennant" patt...

6 months ago

Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 15th

EUR/USDAnalysis:The daily chart scale of the major pair of the euro since last July demonstrates a downward trend. By now, the quotes have reached the boundary of a strong potential reversal zone. The structure of the wave during the last three months is...

6 months ago

Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.5873 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.595...

6 months ago

Heading into Overlap Resistance

TitleHeading into Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5954 which is an overlap resistance that sits above the 38.2% Fibonacci retracement level and could potentially reverse from here; we could se...

5 months ago

Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd

EUR/USDAnalysis:Quotes of the European currency in the main pair have been forming a horizontal descending pennant since July of last year. The final part (C) is developing within the wave structure. Major quotes have pressed the upper level of a powerful...

5 months ago

Pullback Resistance at 50% Fibonacci Retracement

TitlePullback Resistance at 50% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5972 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from...

5 months ago

Rising into 50% Fibonacci Overlap Resistance

TitleRising into 50% Fibonacci Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5968 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here...

5 months ago

Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 29th

EUR/USDAnalysis:Since July of last year, the quotes of the European currency have been weakening relative to the US dollar. The support zone of the daily scale, which was pressed a month ago, has turned into strong resistance. Along with this, the pair's...

5 months ago

Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th

EUR/USDAnalysis:The weekly chart scale of the major European currency pair shows that the dominant descending wave of recent months is nearing completion. The wave structure appears to be formed. The unfinished segment in the upward direction dates back t...

5 months ago

S&P500 Forecast: Potential Price Reversal Ahead

The daily timeframe of the New Zealand Dollar shows the newly formed downtrend between the points 0.6369 and 0.6216 as well as the horizontal level of 0.6082. This level almost coincides with the 50% Fibonacci retracement from the latest ascending move. T...

5 months ago

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and GOLD on July 29

EUR/USDAnalysis: The EUR/USD pair continues a sideways flat movement. The unfinished section of this trend is upward, starting from mid-April. The price is between clusters of potential reversal levels of different scale charts. Over the past two weeks, t...

2 months ago

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, EUR/GBP, and Gold on August 5

EUR/USDAnalysis: The direction of price movement in the main euro pair since September last year has been determined by an upward wave that started in mid-April. From the lower boundary of a powerful resistance zone since the middle of last month, a beari...

2 months ago