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Nzdusdidea

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
Will NZD/USD Break the HurdleHere's the 1H chart of the NZD/USD. And it's moving downwards. Here, I have applied the indicators - Volume, Stoch RSI, and RSI. RSI and Stoch RSI both are showing a downtrend. It's falling in the uptrend. It will fall up to support. If the trend breaks the support, it will hit the hurdle( 0.7136 ). If it breaks the hurdle( 0.7136 ), then the target will be the following 0.7116 - 0.7088 . But, if NZD/USD takes a U-turn and starts to move upwards, it will hit 0.7216 .
by forextidings
NZD/USD Upward Channel Trade.Currently, NZD/USD is trading at 0.7127. The price is trading in upward resistance and support level and can rebound back to resistance level after touching support. If the price rebound back after touching support, then 0.7120 is the best price to enter long position and the target price will be 0.7196. Mostly, channel trades give a good risk to reward ratio and can give decent profits. 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 long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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
Long
by GWBFX
2
NzdUsd- 0.71 is very strong resistanceI'm sure of a lot of you, and I included, was wondering when NzdUsd bull run will end... And now it can be it. After the first touch of 0.71 and a drop, Kiwi had a new attempt yesterday to rise above and reversed violently putting in a strong long-tailed reversal candle on our daily chart. At this moment rallies should be well capped at 0.71 and possible corrections of yesterday's drop could be a good opportunity for bears. A drop under 0.7 should accelerate losses and 0.68 could be a good place to book profits
Short
by Mihai_Iacob
4
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price has been bullish for past 3 months and it it made a false breakout while testing monthly resistance level. We can expect correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish impulse. W > Price has broken several key levels in its last bullish rise during past 5 weeks. It ended the week with a rejection pin bar. D > Market is in overbought state and ended the day with rejection candle. However after an impulsive bullish we would require break of a structural level for reversal confirmation. Currently price has not broken below daily demand zone and we will wait for price to break the level to confirm bearish reversal. As per COT NZD further added few Long but closed Short bringing Long to the highest for the year and net positions to highest for the year, ZXY has gained strength since all of November and closed last week with rejection after testing June 2018 level as resistance. We can expect correction to the downside for NZD. 4H > Price has tested last HL but has not broken the level to create a LL. Wait for price action break the level and upon its return to test the level as resistance we will get a nice opportunity to enter Short. Pair Correlation > NZDUSD has a positive correlation with NZDJPY, GBPUSD, NZDCHF, NZDCAD and AUDUSD and negative correlation with EURNZD and GBPNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.7062. The pair is trading at its 2 years high and hovering near its small resistance level. If the price breaks the resistance level at 0.7084, then it can continue its up trend towards its next resistance level. The entry price for long will be above 0.7084, 1st target price will be at 0.7156 and 2nd target price will be at 0.7200. 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
6
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market has been bullish for past 3 months and price is now testing monthly resistance level. We can expect a correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish impulse. W > Price has broken several key levels on its last weekly bullish rise in past 4 weeks. Neck of W will coincide with weekly resistance now will turn as support. D > Market is in overbought state with bearish divergence continuing since last week. As per COT NZD further added both Long and Short bringing Long to the highest for the year, ZXY has gained strength all of November, it is now testing a major resistance level. We can expect some correction to the downside. 4H > Price is retracing however no sign of reversal can be seen currently. We will wait for price to create a LL and its retracement will provide a Short entry with nice risk to reward ratio. Pair Correlation > NZDUSD has a positive correlation with NZDJPY, NZDCHF, NZDCAD and GBPUSD and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX