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Nzdusdforecast

Plan NZDUSD 03/04/2021Here is my analysis of NZDUSD. Right now I believe NZDUSD already completed impulse upside which is wave 1. In the daily timeframe, I saw an evening star pattern formed which make me more confident that this time NZDUSD will start to make wave 2 for the retracement. Next week, I expect that NZDUSD will do some retracement move before continuing to the downside. In my analysis, I already marked two areas that could be an area where NZDUSD might be the reversal area. Disclaimer: This is my personal trade setup !! Please if you use my analysis, use it for comparison with your own. Cheers :)
Short
by ArceeBlade
1
NZD/USD SELL IDEAHey tradomaniacs, welcome to another free trading-setup. NZD/USD: Daytrade-Execution Notice: Risky ahead FOMC-meetings tomorrow as market is really choppy! Rather stay out if you don`t like trading with a higher risk. Market-Sell: 0.72030 Stop-Loss: 0.72155 Point of Risk-Reduction: 0.71920 Take-Profit: 0.71750 Stop-Loss: 12 pips Risk: 0,5% -1% Risk-Reward: 2,35 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
2
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.
Short
by MarcellusLUX
22
NZDUSD | Perspective for the new week Kiwi clung to early gains during the Friday trading session which is represented on the chart with a Bullish engulfing candle from the $0.70100 level and it does not appear it is ready to let go in the nearest future considering the obvious - we are in a long term Bullish perspective (see weekly chart below)! The Greenback has been on a pedestal from mid-February 2021 till last month (March 2021) when it appears to have lost the momentum and found Bottom @ $0.69500 which was immediately followed by Higher Highs that resulted in a Breakout of my Key level @ $0.70250 during last week trading session; A feat that signifies the completion of a simple reversal set-up paving the way for possible gains in the coming week(s) amidst falling US Treasury bond yields. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom) Observation: i. The appearance of a Double Bottom pattern on the chart describes the reversal or change in trend and momentum from prior leading price action. ii. Breakout of Key level @ $0.70250 during last week trading session is a clue that Buyers are gradually gaining momentum and strength at this juncture in the market. iii. A Bullish engulfing candle appearing at the $0.70250 zone (1st of April 2021) which has been a Supplication area in the last 10 days signals that market participants are tending towards changing preference to support the Kiwi. iv. There is a possibility that price might do a correction after the Neckline Breakout that might dip into $0.69850/0.70300 zone - a new Demand level for future buys. v. This been said, conscious traders might be patient to confirm sellers are no more viable at this juncture in the market by waiting for a Breakout/Retest of $0.70400 (Supplication area) to join the rally... Trade consciously :)! Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:8 Potential Duration: 7 to 12days 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.
Long
by darcsherry