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Nzdusdforecast

NZD/USD Short Entry UpdateHey Guys! The current Daily Bias is short. Or in other words, price is likely to reach 0.6592 before reaching 0.6732. As you guys know I took a short entry on last Friday at 0.6722 with a stop loss at 0.6732. with the main target at 0.6592. Today I took a 2nd short entry at 0.6715 with the same risk parameters as the initial short entry. But remember! Due this daily short bias being a little shaky, I may take targets early at the first sign of impeding short term long strength. Again, this Daily short bias does seem a little shaky. Thus, any short term long strength forming will signal an abort for me. I'll keep you guys updated! That's it! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
NZDUSD | Perspective for the new week As the Russia-Ukraine headlines worsen the market mood, we witnessed rejections of the $0.67 area during last week trading session to impose a shadow of doubts on the potential of the Kiwi going into the new week. However, with current technical structures; I suspect that the acceptance of above the $0.6700 might give a sense of comfort to push the price higher in the coming weeks with $0.66500 serving as a baseline for the formation of a new trend. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. For over a year now, the Kiwi has been on a downward spiral as it dropped 12.5% against the USD. ii. If we look at the weekly chart, we will notice that price came back to a significant demand level around $0.655 late in January 2022 which was immediately followed by bullish momentum. iii. Hence, I have projected a potential trendline (bullish) on the chart to guide us in taking advantage of a bullish momentum if it eventually happens in the coming week(s). iv. A breakout/retest of the key level at $0.67500 should present an opportunity to add to our existing position. v. Please note that the bullish trendline projected on the chart is serving as our yardstick as any break below will render the narrative invalid... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 20 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Long
by darcsherry
NZD/USD Short EntryHey Guys! The current Daily Bias is short. Or in other words, price is likely to reach 0.6592 before reaching 0.6732. So I took a short entry at 0.6722 with a stop loss at 0.6732. The main target is at 0.6592, however, due this daily short bias being a little shaky, I may take targets early at the first sign of impeding short term long strength. Again, this Daily short bias does seem a little shaky. Thus, any short term long strength forming will signal an abort for me. That's it! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
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. Friends, please support me with likes. Thank you.
Long
by Forexintelligence_NA
4
NzdUsd- Will it break resistance?Since the beginning of December, NzdUsd is trading in a range between 0.6750 and 0.6850. Also, if we consider the spike down to 0.67 the head, we can argue an H&S pattern forming on our chart with the neckline at 0.6850 At this moment the pair is trading exactly in this resistance/neckline and, considering that the previous leg up from 0.6750 has impulse we can expect a break. That being said, my preferred strategy is to buy dips and the target for bulls can be 0.7 important figure. This scenario is negated by a dive under 0.6750
Long
by Mihai_Iacob
2