empty
21.10.2022 02:28 PM
NZDUSD Potential for Bearish Drop | 21st October 2022

This image is no longer relevant

On the H4 chart, the overall bias for NZDUSD is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. However, price is above the Ichimoku cloud which might indicate a short term bullish market. Expecting price to possibly break above the 1st resistance at 0.57193 and possibly head towards the 2nd resistance at 0.58022 where the 38.2% Fibonacci line, 100% Fibonacci projection line and previous high are located..

Trading Recommendation

Entry: 0.5719

Reason for Entry: Breakout buy entry

Take Profit: 0.5802

Reason for Take Profit:

Previous swing high

Stop Loss: 0.58022

Reason for Stop Loss:

Previous swing high, 100% fibonacci projection and 38.2% fibonacci retracement

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.