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Nzdusdanalysis

Chart analysis for NZDUSD D1A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some follow-through buying and sustained strength above the 0.6200 mark before positioning for any further appreciation. In other words, NZD/USD might test the 0.62800-0.6285 supply zone, or May's monthly swing high, once it clears 0.6235. As for downside protection, the 0.6140-0.6130 area now appears to protect us before 0.6100. 0.6070-0.6065 is currently pegged as good support along the lower end of the triangle. NZD/USD could reach the psychological level of 0.6000 if the pair breaks below. There is potential for further near-term losses if further selling occurs below the YTD low.
by enclavefx_Analaysis
🚧NZDUSD will FALL further🚧NZDUSD has started to form corrective waves in a descending channel after completing five impulse waves so that the structure of corrective waves is Zigzag(ABC/5-3-5) . The main wave A and B correction inside the descending channel has been completed, and now NZDUSD is completing the main wave C. The main wave C has an Expanding Ending Diagonal structure. I expect microwave 5 of the main wave C to finish in the 🟡 Price Reversal Zone(PRZ) 🟡 and at the bottom of the descending channel. 🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
24
NzdUsd could probably break supportThe long-term trend for NzdUsd is clearly bearish and the recent rise started in November was just a correction with a high around the 0.65 zone and a clear resistance at 0.64 and the pair trading in the range starting in March. The recent rally from 0.6050 support was anemic in comparison to other USD counterparts and suggests a very weak NZD. A break under support is very probable at this moment and a new test of 0.56 low could follow in the next months. That being said, I'm looking to sell rallies with negation above the 0.62 zone
Short
by Mihai_Iacob
26
NZDUSD Bearish Retracement Opportunity (Overall Bullish Bias)-After the most recent bearish push, price found support at the .6000 area and formed a Lower low - Price found support and formed a double bottom, which is a candlestick reversal pattern and made a bullish push. -Price then met resistance near the .62500 area and formed a somewhat doji candlestick, showing indecision and hinting at a possible reversal. - I am waiting for price to form a candlestick reversal pattern on a lower time frame (1-4) before it makes it bearish retracement. - I can see price testing the 50.0-61.8 fib level, to confirm the change in market sentiment (bullish). -The 50.0-651.8 Fib levels also align with the neckline of the double bottom, I am anticipating a test of the neckline followed by a bullish up.
Short
by NoCeilingsTrading
NZDUSD Long Term Trading IdeaHello Traders In This Chart NZDUSD DAILLY Forex Forecast By World of Forex today NZDUSD analysis 👆 🟢This Chart includes_ (NZDUSD market update) 🟢What is The Next Opportunity on NZDUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797
1