empty
31.10.2022 07:14 AM
NZDUSD Potential for Bullish Rise | 31st October 2022

This image is no longer relevant

On the H4 chart, as the price is breaking the descending trendline and the price is above ichimoku cloud, we have a bullish bias that the price may rise from the 1st support at 0.57871, which is in line with the previous swing low to the 1st resistance at 0.59963, where the 50% fibonacci retracement is. Alternatively, the price may drop to the 1st support at 0.57207, where the previous swing low and 50% fibonacci retracement are.

Trading Recommendation

Entry: 0.57871

Reason for Entry:Previous swing low

Take Profit: 0.59963

Reason for Take Profit:

Overlap resistance and 50% fibonacci retracement

Stop Loss: 0.57207

Reason for Stop Loss:

Previous swing low and 50% fibonacci retracement

Dean Leo,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

EUR/USD. Analysis and Forecast

At the start of the new week during the Asian session, the EUR/USD pair attempted to remain positive, but during the European session, prices fell below the 1.1750 level amid

Irina Yanina 11:13 2025-07-28 UTC+2

EUR/USD – July 28th: The EU and U.S. Reach an Agreement

On Friday, the EUR/USD pair returned to the 127.2% retracement level at 1.1712 and rebounded from it. This suggests that the upward movement may continue toward the next level

Samir Klishi 10:58 2025-07-28 UTC+2

GBP/USD – July 28th: The U.S. and China Reach an Agreement as Well

On the hourly chart, the GBP/USD pair continued its decline on Friday toward the 1.3425 level after closing below the 76.4% retracement level at 1.3470. Today, a firm move below

Samir Klishi 10:40 2025-07-28 UTC+2

With today's Golden Cross on USD/CAD, the Loonie has the potential to strengthen and rise to its nearest resistance level on Monday, July 28, 2025.

USD/CAD – Monday, July 28, 2025 Although the RSI (14) is at a neutral-bearish level, the Golden Cross condition between the 50-EMA and 200-EMA indicates a bullish bias, so USD/CAD

Arief Makmur 08:07 2025-07-28 UTC+2

Fiber has the potential to weaken today, with the Pivot level potentially being broken, Monday, July 28, 2025.

EUR/USD – Monday, July 28, 2025. With the appearance of a divergence between Fiber's price movement and the RSI(14) indicator, although the 50 and 200 EMAs (Golden Cross & RSI(14)

Arief Makmur 08:07 2025-07-28 UTC+2

Trading Signals for EUR/USD for July 28-30, 2025: sell below 1.1780 (21 SMA - 8/8 Murray)

Early in the American session, the euro is trading around 1.1752, bouncing back after finding good support around 1.1718. Last week, the euro sharply broke out of the uptrend channel

Dimitrios Zappas 06:43 2025-07-28 UTC+2

Trading Signals for BITCOIN for July 28-30, 2025: sell below $119,800 (200 EMA - 21 SMA)

Bitcoin is in a correction phase after recently reaching $19,750. BTC is undergoing a technical correction, so the price is likely to drop in the coming hours toward the 21SMA

Dimitrios Zappas 06:41 2025-07-28 UTC+2

Trading Signals for GOLD for July 28-30, 2025: buy above $3,320 (200 EMA - 5/8 Murray)

Early in the European session, gold is trading around 3,331, bouncing back after reaching the key support zone around the 5/8 Murray level. Gold could recover some of its losses

Dimitrios Zappas 06:39 2025-07-28 UTC+2

EUR/USD Forecast for July 28, 2025

The euro is currently being supported from below by the daily MACD indicator line. If the price lacks the strength to break through resistance and move toward the target

Laurie Bailey 04:52 2025-07-28 UTC+2

GBP/USD Forecast for July 28, 2025

The British pound is strengthening its downward movement. The price is approaching the target support level at 1.3369, raising the question of whether the pound will be able to break

Laurie Bailey 04:52 2025-07-28 UTC+2
Can't speak right now?
Ask your question in the chat.
 

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 InstaTrade anyway.

We are sorry for any inconvenience caused by this message.