Nzdusdanalysis
NZDUSD where to look for buy opportunityNZDUSD is trading with a larger timeframe channel. Price is now approaching the support of this channel. I predict it to rise from the support level.
I will wait for bullish reversal confirmation for long positions to the resistance of the channel.
In the case where the support gets violated to the downside and see bearish continuation market structures, I will not be interested to enter any position.
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NZDUSD | Small correction♻️Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is being completed.
We are inside wave c of wave y and from this wave c is formed waves 1, 2, 3 and now wave 4 has started; we thought wave 4 was flat, but according to the current trend, we give the possibility of zigzag and from this zigzag an ascent. All that remains is to continue around the ceiling of the orange channel and then descend for wave 5 of the main wave c, and this decline is confirmed if the marked red circle is broken downwards.
If the Fibonacci retracement of 0.618 breaks at the price of 0.70000, it can be concluded that the correction process is complete and the leading waves are forming.
Also, a further drop from Fibonacci 0.618 would be very unusual.
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NZDUSD SetupNZDUSD is trading in a bullish parallel channel on shorter time frame. We are expecting bulls to take charge and push the price to new highs.
Alternatively, this is a bearish flag in making on daily time frame. If bears manage to break the price below, the flag pattern will come into play.
Trade your levels accordingly.
NZD/USD likely to MOVE UP! Hey tradomaniacs,
NZD/USD looks interesting 👉
After a fakeout below the support-zone price could start to move up with nice momentum as soon as we see a confirmed breakout!
Accumulation with stop-loss-fishing in between is very typical by big players as they grab liquidity when too many retailers buy!
Will wait for a confirmation here!
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Peace and good trades
Irasor
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GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/USD: Good Chances of Market Continuation! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the NZD/USD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The NZDUSD pair, overall, has still a bullish perspective, considering the last recent strong impulsive move. At the moment it’s consolidating (see the weekly chart), moving inside an interesting fair value area, where sellers are still slightly in control of the market.
The price is correctly getting rejections on the top and bottom of its area, constantly gravitating around the confirmed price control.
Currently, the price reached a strong demand zone and the lower area of the weekly pattern, forming in lower timeframe (4hrs chart), a new fair value area.
Some interesting clue seems is happening right now, the price breakout to the upside the fair value area with nice strength and buyers seem are slowing stepping into the market.
The possibility of a long term market continuation to the upside is quite high!
When, where and why would I step into the market?
Considering that the market is still bullish (in a long perspective) and the buyers are still around the demand zone, pushing the price up on every attempt of breakout to the downside, I will definitely plan a long position on this market after a confirmation of trend reversal.
I would like to see less market activity on the lower fair value first and some price consolidation around the level 0.68500 to have a good level to place my stop loss.
In the scenario of trend reversal, then, my entry point would be above the 0.68500 level, with a SL below the possible swing and the TP around the next resistance level.
A breakout of the demand zone would invalidate this trade idea and no action will be taken on this market.
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Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose