Nzdusdbreakout
NZD/USD Technical Analysis
The counter has formed a double top pattern in the short-term.
Further, it has broken down with a strong bearish candle.
The formation interpreted a solid distribution around 0.667 levels.
Hence, we expect the pair to slide down from here.
NZDUSD - Outlook 15 October 2020 - Seller or Buyer?Hi all traders,
This is a video analysis on nzdusd.
As always i have informed some of the important levels within nzdusd for you to take some nice trades out of it..
Hope you like it.
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NZDUSD SWING TRADE 08-Oct-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
NZDUSD-Technical/Fundamental analysis
NZDUSD has firmly broken the trend line which is holding the bullish trend since September 25 The broke and retest was happened on October 06 which triggered the further selling of NZD dollar.
And the weak monetary policy by the RBNZ is the main cause for the accelerated selling of NZD dollar.
Yesterday the Reserve bank of new Zealand members reiterated that they will cut the policy rate to below zero level which is a clear sign for the bearish trend in NZDUSD in coming days.
The risk off mode in the market will help the USD to gain some pips against its counterparts such as euro , pound , kiwi dollar , Aussie dollar and Lonnie.
The price of NZDUSD is currently trading between the .382 and .50 Fibonacci retracement level. It was traded in a narrow range from October-01 to October-06 and then seen a sudden drop towards 0.65500.
And currently its retraced back towards .50 Fibonacci. Before this drop a minor consolidation phase was formed with the double top.
And the price is reached the major resistance level in price action the previous consolidation phase will act as support for the bear.
The swing target will be around 0.65110 and stop lose may placed above the .6615 which is a .382 Fibonacci level
SWING TRADE - NZDUSD
Sell @ 0.65865
Take profit @ 0.65165
Stop lose @ 0.66115
70 Pips target
Don't risk more than 1% of your capital
NzdUsd- carving a H&S?The price action for NzdUsd in the past months looks like a H&S into forming (not confirmed yet)
After the double top (which forms now the head) the pair dropped to 0.65 zone where now is the neck line.
With a great possibility for Usd to be strong in the next period, Kiwi is vulnerable and a break under the neckline would provide us confirmation for the change of trend.
Till then sell rallies around 0.66 could be a good strategy with aN attractive R:R
Daily Update__ Sell___ NZD/USD-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!
NZDUSD - Outlook 25 Sept 2020 - Interesting trade, do take note.Hi all traders,
This is a video analysis on nzdusd.
As usual, i have inform traders of some important levels for followers to take extra note on it..
Trade safe and be patient on this trade.
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Cheers and hope you like this video analysis.
Thank you!
In addition, this is the trade analysis which i did on 14 Sept for nzdusd which i have mentioned inside my video for you as a reference.
NZDUSD H2 #OutLook 21 to 25 September #OutLook 21 to 25 September
Dear Traders Today We Have an Analysis Of NZDUSD H2. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See After the Bullish Move Market Give the correction with the help of trendline As well As Market Already Improved Previous Support Level So We expect Market Will Reach Next ➡️ Target(support) @ 0.67173 & @0.66867
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
NZDUSD - sell biasedHI all traders.
Happy pips for next week and see this video analysis on NZDUSD.
Take note of all those areas i have warned you about and take some pips out of it.
Cheers everyone and thank you as always!
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NZDUSDBuy and wait for the right point to sell.
...Take it into the consideration anything can be possible to happen, if it breaks up the resistance level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
NZD/USD Technical Analysis
As suggested earlier, the counter found support at the supportive trendline and bounced off.
Now, it has broken the resistive trendline as well and consolidating just above it.
We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
The support zone marked in the chart can cap any declines.
nzdusd - continue to buy upwardshi all traders,
NZDUSD have broken out of the consolidation phase and trading above 200 ma as such, we should look for more upside from then on.
nzdusd going above 0.67!!! buyDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
NZDUSD Buy SetupDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
NZD/USD Technical Analysis
The counter is currently is a descending channel pattern.
It hit the lower parallel and bounced off with an ascending channel pattern.
Hence, we expect the pair to trade with positive bias in the short-term.
NZDUSD | MY PERSPECTIVE FOR THE NEW WEEKThe price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s).
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand
Observation: i. Breakdown and retest of Key zone nudges price for a further decline.
Trading plan: SELL confirmation with a minimum potential profit of 120 pips.
Risk/Reward: 1:4
Potential Duration: 2 to 6 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD*ENG*
- Price hitting our supportive zone, we are expecting a reversal from this area.
- If price breaks, look for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, estamos a aguardar uma possível reversão neste nível.
- Se o preço quebrar, aguardar pelo retest em ordem a entrar short.
NZD/USD pair is trading above the strong support level of 0.6520The pair is buying and selling above the robust assist stage of 0.6520. The pair is negatively affected by the US-China stress, in addition to the expectation of the publication of the minutes of the final assembly of the Reserve Financial institution of New Zealand on Tuesday.
Technical aspect:
The value is beneath the center Bollinger band, beneath SMA 5 and SMA 14. RSI is above the oversold zone and strikes horizontally. Stoch are declining.
Buying and selling suggestions:
If the pair falls beneath the 0.6520, it could go additional all the way down to 0.6450.
