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Nzdusdidea

NZD/USD Technical Analysis.Hello traders, NZD/USD is trading at 0.7003. The price is moving in a upward resistance and support wedges, after touching resistance level it is giving a small pull back but soon price can break its resistance level to continue its upward trend. The entry price for the pair is at 0.7020, 1st target is at 0.7053 and 2nd target at 0.7091. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
NZDUSD AnalysisPrice formed an order block (after Manipulation) at a retail resistance zone and, and made an impulse move in favour of the bears. We see that the slope of the down trend has changed signaling a change in momentum, to a more smoother trend. Whilst at this, price seems to be forming a bullish falling wedge (this pattern signals an imminent reversal to the upside if it appears in a downtrend). When making a further analysis into the wedge, we see that price has already given us 2 touches to the resistance trendline. Of which I believe, the current bullish movement is intended to give the third touch then drop to give us the third touch on our support trendline, which will be followed by an impulse that will break the wedge to the upside. Note that the second touch on the support trendline gave us another Order block. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magnatrio
nzdusd 29.07.21mind you this is a h4 timeframe meaning it might take loner than expected. price is at a resistance which it seems to be respecting and if it holds, i am at least expecting price to retrace for a retest on our previous support. with a successful rejection which gives us second entries there then we might be able to see price push higher in order to reach our actual target. on the other hand, yes price could create a new low and not reach the area we are expecting it to retest and continue rising without giving us second entries.
Long
by fxqueen98
NZD/USD Technical Analysis.Hello traders, NZD/USD is trading at 0.6996. The price is moving in a downward resistance and support channel, after reversing from resistance level it can start a new down trend. The entry price for the pair is at 0.6984, first target is at 0.6949 and second target price is at 0.6910. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5