Nzdusdforecast
NZDUSD | WEEKLY FORECASTA similar situation for the Greenback we have found here as a possible Breakout off of our Bullish Rectangle @ 0.65200 for a Bullish burst becomes feasible.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Bullish Rectangle | Channel
Observation: i. 0.63800 level appears to be a respected Demand zone ( 500 retracement ) since the Impulse Leg in the last days of May 2020.
ii. A Flat Channel is observed as price ranged between 0.63800 and 0.65200 throughout the month of June 2020.
iii . A rectangle pattern where supply and demand are in approximate balance for an extended period of time followed by a Breakout is a sign we are looking for to buy.
iv. Notice how Breakout of Bearish Trendline coincides with Breakout of Channel.
v. Patience is hereby required as a possible correction before the rally is very possible at this juncture.
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:3
Potential Duration: 1 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Nirvana! Forex
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 NFTI takes 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.
NFT&I does 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.
BREAKOUT SELLWe are waiting for price to break through support and sell to the green area, at present it is consolidating
NZDUSD H4 SHORT PRICE ACTION FORECAST Price action has been trading within a consolidation range, finding resistance a the top level from the channel at H4. This current level is also in confluence with a descending trendline from a bigger time frame, confirming the downward pressure suffer by the price, a short entry with the following setup is placed
The order:
Type: buy-stop
S/L: 49 pips - R:R | 1:2.5 -
T/P: aiming towards the support level.
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NZDUSD: Daily; Long!Note: Idea is to complement your research.
Check comments section for future updates on idea.
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NZDUSD swingSo many confluences to make me go short on this, third tap on the inner structure trend line with the possibility for a retest on the outer trend line, trading at a key resistance area and at the .786 fib retracement. Will be shorting at a retest of the fib or the trend line. if it gets there corrective it will only add more confluence to go short. Will be targeting the low of the wick as wicks needs to be filled for a target of 1200 pips, then to either of the two fib extensions after that. This is a swing trade so going to be holding this trade for a while upon entry
NZDUSD H1 LONG PRICE ACTION FORECAST Price action has been trading sideways from H4 perspective, currently into a mild bullish trend, price is looking to a pullback to retest the ascending trendline in H1 to further bullish continuation.
The order:
Type: buy-limit.
S/L: 20 pips - R:R | 1:2.5 -
T/P: target next resistance level
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NZDUSD - SELL (K.I.S.S - Keep It Simple Stupid!)As you can see most pairs follow the same patterns.. this is no different
The USD is going to fall as we can see from GBPUSD - This pair is showing the same setup!
Once support is broken use the signal below
NZDUSD - SELL
SL - 0.65103
TP - 0.62006
Short $NZDUSD against .6500 for a test of .6200Hello Sophisticated Trader,
The $NZDUSD has a similar setup with the $AUDUSD, coupled with the renewed dollar strength that could potentially make this pair an attractive sell for a test of .6200. Any retest of .6500 would support a short and only a break and close above recent high would negate the potential test.
Remember to buy on support and sell on resistance.
Minimize your risk and Maximize your profits.
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Happy Trading!
Dr. Lydia Smith
As a Sophisticated trader, we teach you what you need to know about trading.
NZDUSD Sell SetupEnjoy a free signal before the week gets started
Feedback, Likes, comments, and shares would be appreciated.
We have reached a major daily s/r area where market historically has had steep reversals
This would be a great opportunity to catch the trend reversal
Also we have 2 major monthly downtrend and uptrend lines colliding
Market has respected the monthly downtrend line, soon as it reached we saw a rejection twice
then market fell below the monthly uptrend line, came back up to retest and saw a rejection
We have broke and closed below the 12hr uptrend line
I want to to market go up and test my major 3hr s/r area
Currently we are just waiting for the best entry our chances look good.
NZDUSD FX:NZDUSD
Sell Limit: 0.6500 (Best entry takes the most patience)
Stop loss: 0.6560 (60 pips risk)
Take profit: 0.6275 (225 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 3.75 (225/60)
Sell Stop: 0.6465 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 0.6560 (95 pips risk)
Take profit: 0.6275 (190 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.00 (190/95)
NZDUSD SHORTThe US dollar has been making a slow recovery, especially if you look at the DXY. A lot of my USD pairs I'm in short this week. Anyways, This pair has impulsed down and making a flag formation, it could either go up or down. On the daily it looks like the formation of a morning star to the upside. If it does will be looking for a short at the triple top area on the horizontal ray. Will be taking that trade if it correctively gets there, if it impulses with high momentum, I will be sitting on my hands waiting for another set up. The more probable move is the continuous bear flag formation where ill be taking a trade at the top of the trend line either on the 2nd or 3rd tap, depending how it moves for the impulsive downside move.
sell at 0.6432 with 2 take profit in 24-48h max1 overbought much
2 rsi bearish divergence in 2-3 time frame and she is long
3 indices are upà and need a correction (that includ'e aud and nzd down as all timer in small risk off coming)
4 up so mpuch during 2 week
5 under big resistance and 0.6500 are a psy level
NZDUSD, Correction Needed..Crucial Point
Wait for Market to open.
There's potential reversal expected.
Hence still Bullish but correction is always
requirement. 0.625 Is another support level.
We can take both entries..
NZDUSD: Possible Continuation? At a critical level Interesting trade opportunity on NZDUSD this pair has been on a bullish momentum for weeks now, and no signs of reversals yet. Watch out for opportunities to join the trend. before you sell, ensure you get a clear sell signal, otherwise you will get burnt.
NZDUSD H4 SHORT PRICE ACTION FORECASTOverextended price after long rally with the NZD, and candles confirmation for trend fatigue allows placing a sell-stop order with entry right one pip below the lowes bearish candle.
In the realm of D1 a precise bearish pin bar is forming at an exciting level, with a clear MACD divergence in place as additional confirmation
A sell-stop entry gives enough room to target an R:R|1:2, targeting the previous resistance level as a great magnet for the price action to head towards.
S/L: 78 pips
NZDUSD H4 SHORT PRICE ACTION FORECASTAlthough USD has been under intense sellers pressure, this pair is showing some signals for a correction for a bearish NZD. Price action shows evident fatigue from the uptrend, together with the bearish divergence signaled by MACD.
A sell-stop entry gives enough room to target an R:R|1:2, targeting the previous resistance level as a great magnet for the price action to head towards.
S/L: 40 pips
sell #nzdusd at 0.6215 and take profit at 0.6152sell #nzdusd at 0.6215 and take profit at 0.6165 so 62 pips gain short time 24-72h overbought much and market for now ignoring ~us #china tension + stock are overbought and so far up^so when will down..#nzd will follow #audusd #eurnzd #nzdjpy #gbpnzd #nzdcad #COVID__19 #dollars
yep while a tweet wiill soon come from Trump or White house and those from china will have a faster pullback
also i enter in 2 lot for secure gain,my used method
1 lot will close at half profit around 0.6190 and the 2,d lot will makle a stop at near my entry point like 0.6210 ..like that i secure gain and gurantee 0 loss..those kind of trade no stop loss as the rsi in near all time frame is up 85.. will need a bad luck to get a flash krach iin the upside lol..yues big unluck..but u can made a stop 25 pips up entry points,and also use trailing stop while u start got 10 pips profit
Fundamentals and technicals say SELL NZD/USDFollowing dovish remarks coming out of the RBNZ (Reserve Bank of New Zealand) and the MMAR Indicator that I use (Madrid Moving Average Ribbon) turning distinctly BEARISH , a SELL NZD/USD is on the horizon.
A look at the MMAR on the H1 chart sees an ever tightening squeeze of the MA's and this will lead to a break out either north or south.
From the look of the chart, I can see only one direction this pair will break and its south.
I have set a SELL STOP order under the last points of support and anticipate that this trade will move 135 pips before it hits support at WS1 Pivot area (that's if it triggers)
