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Nzdusdforecast

NzdUsd to break up from rectangleIn my previous analysis on NzdUsd I said that I expect the pair to continue its range between 0.7250 and 0.7100. It seems this is not the case and USD is way too weak these days. On Friday Kiwi reversed losses from 0.7180 and managed to close the day above 0.72 At the time of writing NzdUsd is 0.7240, just under the upmentioned resistance and I expect a break to the upside. Such a break can lead to a new local high above 0.73 and 0.7350 could be the short term target for bulls
Long
by Mihai_Iacob
9
NZDUSD | Perspective for the new weekWe did not get to see a rejection of our neckline in my last publication (see link below for reference purposes) as the price continues to find new highs. Since the beginning of the year 2021; price has consistently been dominant above the Key level with tendencies of finding new highs as price breaks out of Bearish trendline. Tendency: Uptrend ( Bullish ) Structure: Trendline | Breakout | Supply & Demand Observation: i. A successful Breakout of Trendline (20th Jan 2021) followed by a rejection of this line 8 days after is a sign that we might be on to experience a temporary/permanent rally soon. ii. The rejection of Bearish trendline shall be a yardstick to look for buying opportunity in the coming week. Trading plan: BUY confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. 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
2
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: 0,72250 Stop-Loss: 0,71890 Point Of Risk-Reduction: 0,72620 Take-Profit: 0,73070 Stop-Loss: 36 pips Risk: 0,5% -1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me!
Long
by Trading2ez
3
NZD/USD BUY SIGNALHey tradomaniacs, welcome to a new 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 Buy-Stop-Order: 0,71300 Stop-Loss: 0,70850 Point Of Risk-Reduction: 0,71630 Take-Profit: 0,72415 Stop-Loss: 45 pips Risk: 0,5% -1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
2
NZDUSD | Perspective for the new weekIt is fascinating to see how the Key level @ $0.71600 appears to be a decision-maker for traders in the last 30days as Breakdown/Breakout of this level points at the prevailing direction of the price. Looking beyond this... We are now at a juncture in the market where the chart formation that predicts a bullish-to-bearish trend reversal becomes a unique tool for us to make a trading decision. On the chart is a baseline with three peaks, with the outside two close in height and the middle is highest (Head and Shoulder). Tendency: Downtrend ( Bearish ) Structure: Reversal pattern (H & S) | Breakdown | Supply & Demand Observation: i. After making a peak @ $0.73100, Price have continue to risk further decline as it keeps finding Lower Lows. ii. A significant breakdown of my Key Level @ $0.71600 (Neckline) last week confirms the completion of a Head and Shoulder pattern. iii. My attention in the coming week shall be shifted to Selling opportunities and the Neckline area shall be the risk limit. Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. 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
3
Game Plan #forexThe Chart: price has entered back into the weekly range into the near term support area. As long as price stays above 0.7080 the trend is still to the upside. Below that level the low end of the range (0.7000) will be in play. The Narrative: The stimulus plan has been outlined and recent inflation numbers and retail sales have been announced. The short dollar trade is nothing new so there hasn't been much of a reaction to the recent news/data. The FED has been adamant about letting inflation run hot. Unless there is a more risk off tone to the equity market, we have to assume the downtrend in the dollar will continue even if it is sideways in the days and weeks to come.
by IngenuityTrading
2
Is NzdUsd carving the right shoulder?In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed. Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72. At this point 0.7240 is resistance and a new leg down could follow. Also, a drop under 0.7150 would confirm a H&S pattern and the target for sellers can be 0.7 important support
Short
by Mihai_Iacob
2
NZD/USD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown! 📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content! 📌 Why should you follow me on Tradingview? I'm transparent. I provide educational content. High probability setups I explain all my steps in-depth 📥 If you would like me to analyze a pair, or discuss something educational and or trading related, let me know via private message, or drop a comment! I always respond to all the comments! :) Keep in mind that the analysis provided is not 100% accurate and that you can never be certain about the markets. This information given is not financial advice, always do your own research. Thank you for your time, and let's destroy the markets together!
by UnknownUnicorn7363578