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Nzdusdbreakout

NZDUSD testing selling area, remain bearishSell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance below 89% where we expect a corresponding drop from.
Short
by MEX_Exchange
NZDUSD testing major resistance, prepare to sellSell below 0.7261. Stop loss at 0.7301. Take profit at 0.7208. Reason for the trading strategy (technically): Price is testing major resistance at 0.7261 (Multiple Fibonacci retracements, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.7208 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 92% and we expect a corresponding reaction off this level.
Short
by MEX_Exchange
1H - NZD/USD The potential Kiwi trade. 1H - The NZDUSD was in a strong downtrend however that recently came to an abrupt end. It has tried to form an uptrend after that downtrend exit however that has come to a halt due to a strong resistant point which then led it to fall back onto the black line which has acted as a support for it. Because of this, we can see two potential trades, short or long. We must wait for a good entry to decide which position we shall take and that is for you to decide. If NZD fails to break the resistant line once again, we then may see downfall movement to the blue lines. However, if it breaks it, we can then see upwards movement. Look at shorter time frames to confirm your entry. There may be a higher chance of it being a long position due to the uptrend the Dollar has created on the 1H but may weaken due to political issues and the pair is also oversold on Stochastic. Please do your Fundamental analysis and check your economic calendars and do keep any eye out for this on Monday. Goodluck. Red lines for resistances Blue lines for supports
by youraveragetrader
NZDUSD prepare to buy on major support Buy above 0.7461. Stop loss at 0.7401. Take profit at 0.7549. Reason for the trading strategy (technically): Price is approaching major support at 0.7461 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level for price to reach at least 0.7549 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 5.6% where we expect a bounce from.
Long
by MEX_Exchange
NZDUSD right on resistance, sell for a corrective dropSell below 0.7528. Stop loss at 0.7560. Take profit at 0.7461. Reason for the trading strategy (technically): Price has continued to rise and is now seeing strong resistance at 0.7528 (Multiple Fibonacci extensions) and we expect to see a corrective drop from this level to at least 0.7461 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 94% where we expect a reaction from soon.
Short
by MEX_Exchange
NZDUSD major support broken, time to start sellingSell below 0.7423. Stop loss at 0.7461. Take profit at 0.7332. Reason for the trading strategy (technically): Price has finally properly broken our key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell below this level for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) has broken our ascending support-turned-resistance line signalling that a drop is expected. Correlation analysis: AUDUSD and NZDUSD are both positively correlated. So it is good to see a drop on NZDUSD and AUDUSD as that increases our conviction on this trade.
Short
by MEX_Exchange
NZDUSD prepare to sell on break of major supportSell below 0.7423. Stop loss at 0.7461. Take profit at 0.7332. Reason for the trading strategy (technically): Price is hovering above key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell on the break of such a key support for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 94% where we expect a further drop from soon. Confirmation of the break of our key support on price is needed to confirm our move down.
Short
by MEX_Exchange
NZDUSD approaching major resistance, prepare to sell Sell below 0.7480. Stop loss at 0.7510. Take profit at 0.7394. Reason for the trading strategy (technically): Price is fast approaching major resistance at 0.7480 (highest point for past 2 years) and we expect to see a drop from that level to at least 0.7394 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing nice resistance below 94% and we expect to see a corresponding drop from this level.
Short
by MEX_Exchange
NZDUSD big reversal - July 20 - BearishNZDUSD stop at february resistance around 0.7371. Bearish will take a new position if the trendline breakdown with fibonacci .618 as new destination. last confirmation need at break down trendline, 250 pips will be a good reward at 0.7050 profit target _____________________________________________________________________________________________ leave "like" if you agree with this analysis, and feels free to send me a msg if u need some help on any pair
Short
by AzrulAzir
1
NZDUSD : FINALLY THE BULLS ARE BACK!Hi traders! A weekly chart! We need to see the bigger picture here. I finally see NZD pushing through these bearish time to get back up to a new zone in of interest. You can always catch similaties between this and the AUD. The AU has been able to push on last friday and I can easily NZD trying to do the same this week. NU hasn't been able to close either daily or weekly at where we are now which is very bullish! I will long from here with a SL under the last bearish wick we had last week. Trade safe!
Long
by ScottMescudiForex
NZDUSD profit target reached, prepare to sellSell below 0.7367. Stop loss at 0.7391. Take profit at 0.7300. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to sell below major resistance at 0.7367 (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop from this level towards at least 0.7300 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is dropping nicely from our 90% resistance and we expect a further drop from here.
Short
by MEX_Exchange
NZDUSD expecting one last push upBuy above 0.7326. Stop loss at 0.7296. Take profit at 0.7398. Reason for the trading strategy (technically): Price has formed a new Elliott structure leading us to believe that we should be seeing one last push up before a drop. The goal is to buy above 0.7326 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7398 resistance (Fibonacci extension, Elliott wave theory). RSI (55) is seeing support above 50% where we expect it to hold price up as long as it remains above this level.
Long
by MEX_Exchange
NZDUSD profit target reached, prepare to sellSell below 0.7345. Stop loss at 0.7372. Take profit at 0.7289. Reason for the trading strategy (technically): Price has risen and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 0.7345 (Fibonacci extension, bearish price action, horizontal swing high resistance) for a drop to at least 0.7289 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 95% where we expect a corresponding drop from along with price.
Short
by MEX_Exchange