Kiwidollar
$NZDUSD Can Finally Reverse And Rise For A CorrectionTraders, NZDUSD has been falling without any supports and has reached a level where it can finally stop, take a pause and reverse for an upward correction.
At this level:
1. It has past structure
2. 78.6 Fib
3. Gap which has now been closed after a period of more than 1 year!! :)
4. Extended M pattern completion
All these factors present us with a good opportunity for a long position. The trade idea is on daily time frame so it may be slow and can take days, possibly weeks.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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NZDJPY - Will The Flightless Bird Soar? NZDJPY is stabilising around support at structure / fibo 38.2% level / 50 moving average.
NZDJPY also has a bullish seasonal tendency in November & September.
I am looking for upside to continue into the 27% extension.
The RBNZ will likely have numerous rate hikes in the coming year, and NZD traders are looking to price this in now.
NZD/USD Signal - USD Retail Sales - 16 Nov 2021NZD/USD has bounced from resistance prior to the USD Retail Sales data, which measures the receipts for retail stores domestically. Technically the pair has bounced from resistance at the previous structure and the 38.2% fibonacci retracement level. The RSI has now turned bearish, and we anticipate continued downside into the 0.6900 level.
NZD/USD Signal - NZD ANZ Business Confidence - 27 Oct 2021NZDUSD has broken the bull flag to the upside and performed a retest prior to the NZD ANZ Business Confidence data, which is released by the ANZ and shows the business outlook in New Zealand. Technically the pair has broken the bull flag to the upside and performed a break and retest pattern. We are looking for a push into the 0.7260 level.
NZDUSD long NZD is making strong movement to bullish side while in consolidation... Also its making a strong support trendline. our main target is 0.7135.. Both Rsi and Macd are showing strong level of bullish momentum.. Price will most likely test the 50ma and 200ma... we are starting so see an uptrend channel building up around the moving averages so there is high chances the price can show more bullish movement.
Good luck...
NZD/USD Signal - RBNZ Rate Decision - 18 Aug 2021NZDUSD is trading to the downside today as the RBNZ were expected to raise interest rates but held them instead. Technically the pair has created a large wick shadow to the downside and we anticipate the pair to continue to the downside and fill this wick.
NZDUSD Can Break the Resistance
Welcome back Traders, Investors, and Community!
Hi Traders, NZDUSD on H4 Is going up in the Bullish channel. After the Resistance breakout could go higher.
⬆️Buy now or Buy at 0.6952
⭕️SL @ 0.6919
✅TP1 @ 0.7045
✅TP2 @ 0.7105
✅TP3 @ 0.7210
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Have a Profitable Day