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Nzdusdidea

NZD/USD Technical Analysis.Hello traders, NZD/USD is trading at 0.7260. The price is trading in sideways trend and can start a new trend soon. As the price is trading in sideways trend and reversing back from its critical resistance and support levels, it can start a new trend after breaking support and resistance level. If it breaks resistance level at 0.7310 then its up target will be at 0.7450 and If it breaks support level at 0.7230 then its down target will be at 0.7102. 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
by rishililawat5
NzdUsd to break up from rectangleIn my previous analysis on NzdUsd I said that I expect the pair to continue its range between 0.7250 and 0.7100. It seems this is not the case and USD is way too weak these days. On Friday Kiwi reversed losses from 0.7180 and managed to close the day above 0.72 At the time of writing NzdUsd is 0.7240, just under the upmentioned resistance and I expect a break to the upside. Such a break can lead to a new local high above 0.73 and 0.7350 could be the short term target for bulls
Long
by Mihai_Iacob
9
NZDUSD short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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
3
NZD/USD Technical Analysis.Hello traders, NZD/USD is trading at 0.7242. The price is trading in resistance and support wedges and can break resistance level to start a new up trend. If the price breaks the resistance level at 0.7254 then it can start a new up trend and its targets will be at 0.7279 and 0.7312. 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
1
NZD/USD Trading in upward channel.Hello traders, NZD/USD is trading at 0.7206. The price is trading in a upward resistance and support channel and can continue the same trend. As the price has touched its support level it can rebound back from here to continue trading in upward resistance and support channel. If the price breaks 0.7217 price level, it can continue its upward trend and then its resistance level at 0.7277 will be the target price. 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
NZD/USD Technical Analysis.Hello traders, NZD/USD is trading at 0.7180. The price is trading in a downward resistance and support wedges and can break support level to continue its down trend. If the price breaks the support level at 0.7172, it can continue its down trend and its target prices are as follows. 1st target price at 0.7139 and 2nd target price at 0.7111. 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
Is NzdUsd carving the right shoulder?In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed. Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72. At this point 0.7240 is resistance and a new leg down could follow. Also, a drop under 0.7150 would confirm a H&S pattern and the target for sellers can be 0.7 important support
Short
by Mihai_Iacob
2