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Nzdusdforecast

NZDUSD SWING TRADE 08-Oct-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday NZDUSD-Technical/Fundamental analysis NZDUSD has firmly broken the trend line which is holding the bullish trend since September 25 The broke and retest was happened on October 06 which triggered the further selling of NZD dollar. And the weak monetary policy by the RBNZ is the main cause for the accelerated selling of NZD dollar. Yesterday the Reserve bank of new Zealand members reiterated that they will cut the policy rate to below zero level which is a clear sign for the bearish trend in NZDUSD in coming days. The risk off mode in the market will help the USD to gain some pips against its counterparts such as euro , pound , kiwi dollar , Aussie dollar and Lonnie. The price of NZDUSD is currently trading between the .382 and .50 Fibonacci retracement level. It was traded in a narrow range from October-01 to October-06 and then seen a sudden drop towards 0.65500. And currently its retraced back towards .50 Fibonacci. Before this drop a minor consolidation phase was formed with the double top. And the price is reached the major resistance level in price action the previous consolidation phase will act as support for the bear. The swing target will be around 0.65110 and stop lose may placed above the .6615 which is a .382 Fibonacci level SWING TRADE - NZDUSD Sell @ 0.65865 Take profit @ 0.65165 Stop lose @ 0.66115 70 Pips target Don't risk more than 1% of your capital
Short
by forexorbit
Daily Update__ Sell___ NZD/USD-- W1Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by morshedul-munna
NZDUSD H1. This Analysis Based On Price Action Theory.We Have an Analysis Of NZDUSD H1. This Analysis Based On Price Action Theory. According to Multiple Analysis, We Can See That the Market has a Bullish Direction but the market rejected the price from the resistance level Even those market bullish because the market also retests the trend line so on behalf of this we have a target (resistance) level @0.66572 & @0.66867 For More Confirmation, You can see that Bollinger Bands, Fib Retracement & Super Trend The all are reflected Market Bullish Pattern I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade. Thanks Regard Enclavefx technical group
by Enclave_fx
1
NZDUSD | PERSPECTIVE FOR THE NEW WEEKThe dominant perspective that the Kiwi could suffer on new measures from the Reserve Bank of New Zealand brought forward on risk-off has a significant reflection on the chart as we experienced a Breakdown of Key level at $0.66000 after series of Bearish wave though the whole of last week. Tendency: Downtrend ( Bearish ) Structure: Double Top | Breakdown Observation: i. The arising of a Reversal pattern after price action reaches a peak at two consecutive times ($0.68000) with a moderate decline between the two highs to $0.66000 (neckline) confirms my Double Top pattern. ii. Breakdown of Key level @ $0.66000 (neckline) incites expectation of retest of this level to signal trading opportunities. iii. Confirmations of Sell aims at a touch of the Bullish trendline. Trading plan: SELL confirmation with a minimum potential profit of 400 pips. Risk/Reward: 1:3 Potential Duration: 4 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
NZDUSD - Outlook 25 Sept 2020 - Interesting trade, do take note.Hi all traders, This is a video analysis on nzdusd. As usual, i have inform traders of some important levels for followers to take extra note on it.. Trade safe and be patient on this trade. ****Follow me on tradingview**** **Like and share the trade idea with all your friends*** Cheers and hope you like this video analysis. Thank you! In addition, this is the trade analysis which i did on 14 Sept for nzdusd which i have mentioned inside my video for you as a reference.
by FxTradingWarrior
NZDUSD Roadmapthe price formed double top formation while playing inside a bullish trendline channel and we have a downside target at 0.6387, I will wait for the price to breakout the support level first before placing any sell order for this pair. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
8
BUY NZDUSDNZDUSD is a pair positioned for a long term bull run to the upside with expected resistance level @ 0.68000. Once the price breaks above the resistance @ 0.68000 price should run to the upside for @ 0.75137. We will take our entry on the close of a bullish confirmation candle on the 4hours chart. This will take us to our first target @ 0.68000. Thereafter, we should wait for the breakout and close of price above @0.68000 to continue LONG/Bullish to @ 0.75137. Good Luck.
Long
by TradingDaysFOREX
NZDUSD LONG PRICE ACTION FORECAST The price action has been trading within an ascending channel; after rejection from the support line, it has bounced and turn into a bullish momentum. Now, the recently formed golden cross with the EMA confirms the upward continuation and buyers force that remains. Allows the setup of a buy order after the retest of the broken supply zone. The order: Type: buy-limit S/L: 30 pips - R:R | 1:4 - T/P: trendline resistance -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER