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Newzealanddollar

AUDNZD Channel Up vs Head and ShouldersThe AUDNZD pair has been trading within a Channel Up ever since the November 19 2021 Low. Two upper and lower tolerance levels of 1.236 and -0.236 have been accounted for. This time though, as the price is trading around the 1D MA50 (blue trend-line) since June 20, using it as a pivot, a new pattern has emerged. That is a Head and Shoulders (H&S). That is so far contained within the Channel Up but a break below it can see the price testing the 1D MA200 (orange trend-line) for the first time since January 17. Our trading plan is based on the break-out (candle close) approach. A break below the lower tolerance level of the Channel constitutes a sell signal towards the -1.0 Fibonacci extension (1.075), in which case the H&S pattern prevails. Until that happens, we continue being within the dominant Channel Up, hence bullish towards a new long-term Higher High near the 2.0 Fibonacci extension (1.1383). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
NZDJPY Inverse Head and Shoulders - Sell SignalThe NZDJPY pair has completed an Inverse Head and Shoulders (IH&S) pattern as it continues to trade on the 1D MA50 (blue trend-line). Technically this is a bearish reversal pattern. With the 1D RSI on Lower Highs similar to the November 2021 - Jan 2022 sequence that printed a Lower Low, we are expecting a similar sell-off. Our first target is the 1D MA200 (orange trend-line) and if broken, the 79.500 Support on the longer-term. This trade is invalidated if the price breaks above the Resistance Zone. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
NZDCAD: Potential Short Trade Explained 🇳🇿🇨🇦 Hey traders, NZDCAD is trading within a wide trading range on 4H. 0.805 - 0.806 is its resistance and 0.7945 - 0.796 is its support. Testing the resistance of the range, the price formed a double top pattern. If the price breaks its horizontal neckline 0.8 - 0.81, I would consider shorting the pair expecting a bearish move to the support of the range. If the price violates the resistance of the range, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
NZDUSD Time to turn bullish again.The NZDUSD pair hit our target of the last analysis we published following the +5.20% pattern: That High was in fact formed and rejected on the 1D MA50 (blue trend-line), which has been unbroken since April 14. Technically, the price still trades within the long-term Bearish Megaphone pattern, so highs are best viewed as sell opportunities. Naturally however, a medium-term relief rally is most likely ahead of us as the 1D MA50 is as close to the price as the previous Lower Lows of August 20 2021 and January 28 2022. As long as the Lower Lows trend-line (bottom) of the Megaphone holds, buy and aim again for a +50.20% rise (0.64400) with an extension of +7.65% (0.65800). The latter can make a perfect contact with the 1D MA200 (orange trend-line), which is intact since April 07. On the other hand, if the price closes below the Megaphone, take the loss on the buy (small SL, low risk/ high return) and open a sell targeting the 1.5 Fibonacci extension a little over 0.5800. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
💵New Zealand Dollar/U.S.Dollar💵(Short term/Timeframe 8H)!New Zealand Dollar made a Bullish Engulfing Pattern ( Candlestick Pattern ) near the Heavy Support Zone , and I expect that it will go UP at least to the Important Resistance Line . Also, we can see Regular Divergence ( RD+ ) between the Price and MACD indicator. 🔅 New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ) Timeframe 8H ⏰ 🟢 Heavy Support Zone 🟢: 0.614$ until 0.59$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
NZDUSD: Key Levels to Watch 🇳🇿🇺🇸 Hey traders, Here is my latest structure analysis for NZDUSD pair on a weekly time frame. Support 1: 0.614 - 0.6205 area Support 2: Falling trend line linking lower lows Support 3: 0.591 - 0.593 area Support 4: 0.547 - 0.55 area Resistance 1: 0.654 - 0.658 area Resistance 2: Falling trend line linking lower highs Consider these key levels for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3