Nzdusdforecast
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.
NzdUsd- next stop 0.75?Like its sister AudUsd, also NzdUsd is trading in a 100 pips range.
At the time of writing the pair is just in resistance and a breakup looks imminent
The next target for this pair could be 0.75
NzdUsd- 0.68 is my medium term targetFor a month now NzdUsd is consolidating in a tight 100 pips range.
A break of this range is inevitable and the pair should find a clear direction afterwords.
In my opinion, this break will be to the downside and I'm considering 0.68 as a medium-term target for short trades.
A clear break above 0.73 would negate my bearish bias
NZDUSD SELLNZDUSD has been correcting on the daily timeframe. We can finally consider the correction to be complete. I think price will break out of the ascending channel and we could expect NZDUSD to fall sharply.
I highly recommend you to review my other ideas in the links below.
Please do leave a like or comment to show support and follow for more updates.
Good luck trading.
NzdUsd- Big drop aheadIn my opinion, a big drop for NzdUsd is just around the corner.
The rise from 0.7 is clearly corrective in nature and 0.73 seems very strong resistance and bears are strong before that figure.
A break under the trend line would confirm my outlook and I expect at least 0.7 to be reached sooner rather than later.
Of course, a close above 0.73 would negate this bearish scenario
NZDUDS SHORT IDEAAs We can see price been rejecting from the resistance like before. which gives a short term trade idea for 1:5.9 RR . for any suggestions or complaint please feel free to message me privately
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
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.
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 :)
NZD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
NZD/USD: Daytrade-Preparation
Market-Buy:0.72320
Stop-Loss: 0.72180
Point of Risk-Reduction: 0.72465
Take-Profit: 0.72875
Stop-Loss: 14 pips
Risk: 0,5% - 1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
NZDUSD Short H4NZDUSD Showing me signs of Divergence. Once Price action is confirmed only then we can take our Puts
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
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.
NzdUsd- Drop to 0.7070 supportAfter a short-lived dive under 0.7 psychological figure, NzdUsd reversed and has risen above 0.72
In this liquidity zone, the pair found strong sellers and it looks like a dive to 0.7070 will follow from this point
I m bearish this pair as long as the price is under 0.7250
