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Nzdusdforecast

NZDUSD 4HR TIMEFRAME ANALYSISHello Traders I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS. Share with more traders like you. Follow me for more. Thanks in advance. NZDUSD 4HR TIMEFRAME ANALYSIS Please support this idea with a LIKE if you find it useful. Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial Advice.
by Daily_Price_Action
NZD weakening against the USD - looks a SELL from MARKET .6063Not much dollar strength about but the NZD, one of my favourite SELLING currencies seems to be faltering. For several sessions the BULLS have struggled to force the price past recent highs at .6102 and my specialist indicator is flagging a moderate SELL on this pair. For a risk of 36 pips and a target of 146 pips - this looks a reasonable trade in the current thin market. I'm in at .6063 with a STOP above the high at .6102 and a T.P. at .5920. Easter holidays mean this is a thin trading day so this will be a slow burner with the tempo picking up tomorrow.
Short
by theforexportal
NZDUSD H1 Sell/ShortWe can see a triangle pattern forming on the H1 chart in NZDUSD We can enter in this trade two ways in a short position 1. Entry at Reversal from the trend resistance and see if it breaks downside, if it breaks downside there is a minor support which can push the price up from there, then we will exit the trade with 3% profit and if it breaks the support also then we will exit the trade in Target 2 with 7.50% profit. Stop Loss : 2% Profit Target : 3% < 7.50% 2. This trade will be possible if the price breaks downside the triangle and supported by the Minor support then a retest to the trend support but couldn't break it, then we can enter a short position and exit with 6% profit, in this trade the Stop-Loss should be 0.80% Stop Loss : 0.80% Profit Target : 6% 👍
Short
by tapasdhanadana
1