NZD-USD
NZDUSD on a short move 🦐NZDUSD on the 4 h chart retraced to the 0.382 Fibonacci level of the previous leg.
The price is testing an ascending trendline over a support and according to Plancton's strategy if the market will break below we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZD USD BULLISHThe primary drivers for NZD are its high-beta status and the RBNZ's monetary policy outlook.
As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to see a further gradual improvement in the overall risk outlook and global economic outlook.
Additionally, expectations for further easing by the RBNZ and the adoption of negative rates has notably declined. Consequently, with further easing from the central bank in the immediate future viewed as being highly unlikely, NZD is likely to find support against currency's which have much more accommodative central banks.
All-in-all, with the RBNZ on hold, improving commodity and global economic outlooks and New Zealand's strong grasp on its domestic coronavirus situation, NZD should remain broadly well supported.
NZDUSD - Sells running now ❗📉 Anyone selling?Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
0.7140 is here to stayMY IDEA BEHIND THIS TRADE:
1. My bias still bullish for a top test for this NZDUSD.
2. NPF do play a role into this price setup, we get a better pricing for an AB=CD setup.
3. We are testing 15m MA200.
FUNDAMENTAL WISE:
TAKE A LOOK ON THIS ONE.
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NZDUSD - Ready to SHORTWe have been waiting for this short for quite sometime. We're anticipating overall NZD weakness and looks like it will happen very soon. This would also mean we'd be bullish for EURNZD depending on which currency is the weakest.
I'll be breaking things down further and providing updates in the links below.
Goodluck and trade safe!
NZDUSD - Ready to SHORTWe have been waiting for this short for quite sometime. We're anticipating overall NZD weakness and looks like it will happen very soon. This would also mean we'd be bullish for EURNZD depending on which currency is the weakest.
I'll be breaking things down further and providing updates in the links below.
Goodluck and trade safe!
NZD USD BUY (NEW ZEALAND DOLLAR - US DOLLAR)Hi there.
Short term bias is remain total to the downside due to the strength on the dollar but in the medium term our bias is still firmly to the upside and these are the fundamental reasons:
Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive.
Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks.
For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout).
NZDUSD on a short move 🦐NZDUSD after the last attempt to break above the resistance structure move back above the support area at 0.72350.
The market is consolidating above and according to Plancton's strategy if the price will break below, we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDUSD facing bullish pressure, potential for further upsidePrice is facing bullish pressure from 1st support at 0.72271, in line with 127.2% fibonacci extension and horizontal swing low support.Price could bounce off 1st support to 1st resistance which coincides with 78.6% fibonacci extension and horizontal swing high resistance. If prices fall through 1st support, prices could reach 2nd support in line with horizontal swing low support, 127.2% fibonacci retracement and 50% fibonacci extension. Stochastics is also showing bullish pressure as it reacted off the 6.87 level.
NZD USD BUY (NEW ZEALAND DOLLAR - US DOLLAR)Hi there.
Some fundamental reasons to buy NZDUSD:
Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive.
Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks.
For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout).
NZDUSD Buy setupthis pair has hit our support level and in the same time our trendline on H4 timeframe
so we zoomed in to M30 timeframe to search for a buy setup and we found that the pair has formed a valid trendline with 4 touches so now we are waiting for a momentum candle close above our last swing standing to enter a buy position
Thank you & good luck