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Nzdusdforecast

NZDUSD Got Rejected From a Strong resistance Zone Welcome back Traders, Investors, and Community! Hi Traders, NZDUSD on H1 has got a Rejection at 0.7095 which is a strong Resistance zone by several long wicked candles, I’m expecting it to go lower. ⬇️Sell now or Sell at 0.7095 ⭕️SL @ 0.7116 ✅TP1 @ 0.705 ✅TP2 @ 0.7024 ✅TP3 @ 0.6956 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
2
NZD/USD Sell Opportunity nzd usd was the most bullish pair of the year and found very strong resistance area and after multiple confirmation we can say now its a trend reversal now for nzd usd it broke a significant support area and market is back there to retest the broken structure its a classic bearish breakout and retest pattern look for bearish confirmation on lower time frame and enter short with your own money management discipline with patience is the key to success in financial world
Short
by Hamaitifx
NZDUSD | Perspective for the week | Follow upWe experienced over 250pips move in our direction since my last publication on this pair (see link below for reference purposes) and I suspect that price-action is going through a Correction phase that we are yet to decipher when it will stall. Last week trading session saw the Kiwi close in the positive territory for four straight days and continued to find higher highs that culminated at $0.7070 on Friday. Market participants still remain optimistic for the Greenback ahead of the June Nonfarm Payrolls report. At the time being, market expectations point to a 600,000 increase in the headline number, while the unemployment rate is foreseen contracting from 5.8% to 5.7%. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) Observation: i. Since hitting a peak at $0.74500 on February 25th 2021, the price continued to find lower lows hereby transposing into what looks like a Descending channel. ii. DESCENDING CHANNEL: Connecting the lower highs and lower lows of price action with parallel trendlines reveals the prevailing downward trend since February 2021. iii. A successful Breakdown of $0.71200 on the 16th of June 2021 confirms the Bearish momentum. iv. With the current structure, Correction phase is happening and I am yet to decipher where and when it will stall in anticipation of a decline continuation. v. In this regards, I have identified a selling niche around $0.71000/0.78000 area. vi. I expect a transition into a Harmonic pattern (AB = CD) in the coming week with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is expected to fall around 61.8% with the potentials of extending to 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ $0.68000 area. iv. Should price refuse to climb into the selling niche, anywhere below my Key level remains a yardstick for selling opportunity in the coming week(s). v. A Further plunge below $0.69400 (breakdown/retest) might welcome addition to the existing position.... Trade consciously! 😊 Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:5 Potential Duration: 7 to 15days 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.
Short
by darcsherry
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
Long
by MarcellusLUX
5
NZDUSD grow from he strong supportHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. NZDUSD grow from he strong support good position for a long trade entry Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Long
by Bexi03
NZDUSD | Perspective for the new week | Follow-upWith approximately 300pips move in our direction since my last publication on this pair (see link below for reference purposes); It appears we are at a juncture for a trading opportunity in the market as I suspect a risk of further decline for the Kiwi as Breakdown/Retest of Neckline which is also my Key level @ $0.71500 becomes imminent. The US Bureau of Labor Statistics reported on Friday that Nonfarm Payrolls rose by 559,000 in May and despite figures reported to be below expectations, the Greenback appears to be on the verge of soaring in the nearest future. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) Observation: i. The $0.7300 area appears to be a very strong supplication area since the beginning of the year 2021 as an attempt from buyers to break above this level in February was followed by an emphatic bearish run that lasted a whole month! ii. It is also obvious that the $0.73000 level became a stalling zone (approximately 61.8% retracement of AB leg) for the correction of the Impulse leg AB as it was met with multiple rejections hereby emphasizing the strength of sellers at this juncture. iii. In this regard, I shall look forward to a transition into an ABCD pattern with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently at 61.8% Fibonacci retracement (with the possibility of a 78.6%) of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ $0.67500. iv. The Breakdown of $0.71000 (Demand zone) in March 2021 reveals that sellers are beginning to creep in at this level for future investment in the Greenback. v. This critical observation led to the identification of a New Supply level of around $0.72000/0.71500 for a future selling opportunity. vi. Conscious trading shall anticipate a Breakdown/Retest of Key level @ $0.71500 in the coming week for confirmation. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days 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 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.
Short
by darcsherry
NZDUSD: nice long chance with double entryHi Traders, This is my view on this pair for the next few days. #NZDUSD BUY 0.7158 2 ENTRY 0.714 SL 0.7134 TP 0.72244 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
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
Short
by UnknownUnicorn9076755
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
Short
by UnknownUnicorn9076755