NZDUSD | The best place to buy🎯Hello traders, Symbol NZDUSD . Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine the wave a that we specified in the weekly timeframe analysis.
In wave a, waves 1, 2 and 3 are complete and now we are inside wave 4, in wave 4, waves a and b are formed as 3 waves and we conclude that wave 4 will be flat and wave c is being formed.
In this analysis, we consider the c wave in the form of a triangle, but this triangle is confirmed when the price moves towards the floor of the triangle after hitting the ceiling of the triangle, and from there it starts its upward movement, which we marked with a red circle.
If the price breaks the ceiling of the triangle from this point, the price will move to the ceiling of the orange channel, in which case wave 5 starts and wave c will be an impulse.
If Fibo 0.618 is broken, this analysis will lose some of its validity.
If the black dashed line is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Nzdusddaily
NZDUSD | The best place to buy🎯Hello traders, Symbol NZDUSD . Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine the wave a that we specified in the weekly timeframe analysis.
In wave a, waves 1, 2 and 3 are complete and now we are inside wave 4, in wave 4, waves a and b are formed as 3 waves and we conclude that wave 4 will be flat and wave c is being formed.
In this analysis, we consider the c wave in the form of a triangle, but this triangle is confirmed when the price moves towards the floor of the triangle after hitting the ceiling of the triangle, and from there it starts its upward movement, which we marked with a red circle.
If the price breaks the ceiling of the triangle from this point, the price will move to the ceiling of the orange channel, in which case wave 5 starts and wave c will be an impulse.
If Fibo 0.618 is broken, this analysis will lose some of its validity.
If the black dashed line is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
NZD/USD buy trade ideaNZD/USD has formed a strong bullish candlestick at the support level on the daily chart.
If the support holds, NZD/USD may continue the uptrend till at least 0.7110 level.
So, watch out for dips and buy if any such opportunity arises. Initial target can be
set at 0.7110 and if 0.71 breaks, 0.73 will be on the cards.
NZD/USD may go to the upside if the descending trendline breaksNZD/USD has dropped to the support level near 0.71 area.
This area has supported the price multiple times in the past
and even yesterday, NZD/USD rebounded after falling to the 0.71 level.
But, the rebound seems weak this time around. The reason behind this could
be the FOMC meeting event that is preventing investors from placing any major
bets prior to the event.
So, if the price drops near the 0.71 level, I would consider buying
NZDUSD@0.7100-0.7120 with SL below 0.7067 and initial TP at 0.72
NZD/USD sell opportunity after RBNZ induced spikeNZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.
However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.
So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe , we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe, we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
NZD/USD sell set-up after bearish candle in supply areaNZD/USD has printed a bearish candle on the daily chart.
The bearish candle has formed at the supply zone. So, the chances of further drop
can not be ruled out.
If the bearish price action in the lower time frames continue , then selling
NZDUSD@0.7270-0.7304 with SL above 0.7735 and TP at 0.7150 would be a possible
sell signal.
NZDUSD- Swing Trade (Short Idea)Weekly - Bearish
Daily - Bearish with retracement.
Confluences
Failed to break previous above previous structure.
Applied Fibonacci and sharply rejected the 0.786 level
Correlates with the DXY and so when the dollar goes up any currency pairs against the dollar will go down.
Let me know what you see in the comments below?
Trade safely!
NZD/USD uptrend appears to be coming to an end, potential sellNZD/USD has recovered well for the last two weeks. However, the recovery is facing
some resistance in the resistance area.
From the chart, you can see that price has dropped from the resistance zone. Price has
also created a small rising wedge pattern which is a bearish sign.
So, there's a good chance that NZD/USD will drop from the current resistance area.
A sell between 0.7200-0.7230 with SL above the resistance area and TP at 0.7050 seems
possible.