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Nzdusdforecast

NZDUSD is trading in a tight rangeNZDUSD The swing momentum was slowed and downward trend was resumed after reaching the September high 0.67880 it felled towards 0.66000 level. The key support price also broken at 0.67416 which is a clear sign of bearish trend and now this pair is trading in a range. We can short this pair and the potential take profit would be 0.66000 which is a 61.8% Fibonacci and key psychological level. Stop lose may place above the 0.67400 level. Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
by forexorbit
NZD/USD BUY SETUP Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation. NZD/USD: Day-trade-Preparation Market-Buy-Order: 0,66890 Stop-Loss: 0,66660 Target 1: 0,67100 Target 2: 0,67240 Target 3: 0,67425 Stop-Loss: 23 pips Risk: 0,5% - 1% Risk-Reward: 2,40 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
1
NZDUSD - sell biasedHi all traders, For NU, im actually looking for more downside for this pair. Reason being. This pair have reach an important level. Any attempt to touch the trend line, we should be looking for sell opportunity for now. However, if the trend line is broken strongly , we might see it test the top level again and if fail, we should continue sell again. The reason for it being sell biased is also mainly due to usd strength. Of course if, USD strength does not appear. We should be looking for continuation upwards. But for now, im still sell biased until i see the top level is broken. Cheers and trade safe! =) Like and share my trade idea with your friends and follow me on tradingview if you wish to have more analysis of such pairs. Thanks!
Short
by FxTradingWarrior
1
NZDUSD | MY PERSPECTIVE FOR THE NEW WEEKThe price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s). Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand Observation: i. Breakdown and retest of Key zone nudges price for a further decline. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward: 1:4 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. NirvanaForex 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 | MY PERSPECTIVE FOR THE WEEKThe NZD/USD pair is struggling to make a decisive move in either direction amid a lack of significant fundamental drivers in the latter part of the week. I am keeping a tab on a possible driver this week as we await Monetary Policy, RBNZD Rate and Interest rate decision on Wednesday for a possible headway. The NZD/USD pair closed the third straight day in the positive territory on Thursday but failed to preserve its bullish momentum on Friday which is a signal of a strong move coming in the following week(s). With over 80pips in our direction (see link below for reference purpose) before experiencing a decline later in the week; insinuates a weakness of Buyers to push the price to complete Harmonic expectations (AB =CD) hereby making 0.66000level my Key level again for this week as I shall be looking at price reaction at this juncture in the market. Tendency: Downtrend ( Bearish ) Structure: Channel | Trendline | Breakdown Observation: i. A Breakdown (0.66375) and Re-test of Current Bullish Trendline (0.66900) on 4H gives a clue in the direction of a shift at the moment that drives towards a Bearish bias. ii. I was expecting the price to make a Harmonic move (AB = CD) last week but unfortunately, it didn't as the 0.66900 level appears to be a level packed with Selling Pressure driving price further down. iii. A significant Breakdown of my Key level in the following week(s) shall be a Bearish signal for me as I will be anticipating a hit of my Daily Trendline (seen on the chart) which also coincides with the nearest major Support @ 0.64000 (a psychological level). iv. It is worthy to note that the economic news coming up mid-week shall be a significant driver in the direction of market participants in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 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. NirvanaForex 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
1
NZDUSD BUY ABOVE 0.66450NZD - BULLISH 1️⃣ The unemployment rate handily beat the 5.6% forecast coming in at 4.0% and helped to push kiwi to trade well. 2️⃣ RBNZ Survey of Business Expectations for July revealed that inflation expectations over the next year returned to 1.03% from 0.74%, while business leaders are slightly more optimistic about underemployment. USD - BEARISH 1️⃣ ADP reporting significantly weaker than expected private payroll growth in July (167K vs. 2.3 million forecast). 2️⃣ The employment component of non-manufacturing ISM dropping to 42.1 from 43.1, all signs point to a slowdown in labor market recovery last month. 3️⃣ The US government is expected to deliver a new stimulus plan by the end of the week, but there were no signs of an agreement as congressional Democrats and White House officials continued to be divided on key components of the bill. ===== Technical ===== 📊 We buy NZDUSD on RBS level + SMA50 area. 📊 NZDUSD in bullish zone.
Long
by MonsunAsia
NZDUSD H1 LONG PRICE ACTION FORECAST Trading supported by an ascending trendline, the price has just broken above the supply zone, confirming the pair's uptrend bias. This upward momentum is also clearly spotted from the higher timeframe of D1, price breakout from descending trendline, and retest of the level confirming the forecasted bias. The order: Type: buy-limit S/L: 22 pips - R:R | 1:3 - T/P: previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER