Nzdusdidea
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 .
NzdUsd can correct to 0.7NzdUsd has quite a bull run and since 0.65 bottom the pair gained almost 700 pips or more than 10%.
Now the pair looks ready for a much-needed correction and 0.7 could be the target for short term traders.
Sell rallies is my strategy for this pair
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.
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Thank you,
Rishikesh Lilawat
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.
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GWBFX
NZDUSD - Expecting SHORTI am looking for short for this pair, NZDUSD.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
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
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
NzdUsd- will it finally correct?The combination of weak usd, strong Nzd brought NzdUsd well above 0.7.
The rise from 0.68 is in a rising wedge though, signaling the loss of power.
Yesterday we have a spike above 0.71, quickly reversed, and this time we can have a top in place, at least for short term
A break under short term support 0.7050) would be confirmation for incoming correction and NzdUsd could fall to the bottom of the pattern
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
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
NzdUsd- Correction is inevitable at this pointSince its 0.65 zone recent low, Kiwi had quite a run up with the pair gaining around 8% (which is a lot in terms of currency)
Now the pair looks tired with new highs marginal and making a rising wedge
I believe we will have a correction sooner rather than later and I'm looking to sell this pair
NADUSD - The Ending Diagonal pattern represents the end of the fIn the 60-minute chart, the divergence in MACD and RSI is quite clear, and also the 3-wave structure of the sides shows the Diagonal pattern.
By crossing the price from the range of 0.6878, which is the end of the 4th wave of this pattern, we can get the confirmation for the downtrend and the targets of 0.6795 and then 0.6700 price level.
NZDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 48 - Nov 23
M > Market was moving in a downward channel . Price broke out of channel to test monthly resistance level . This level had previously pushed price to downside and we expect price to get pushed down again.
W > Price moved out of channel creating HH and HL in a rising megaphone. In this move price has tested resistance trend-line of previous channel as support and moved further bullish to test monthly support. Subsequently price dropped to test supported created at trend-line before making a major bullish move. We can now see bearish divergence in W chart. We can also see a W formation and can set its neck at bearish target.
D > Price has now reached monthly resistance level in its bullish move. We can see bearish divergence but have no reversal confirmation.
As per COT NZD further added both Long and Short improving net positions to max for the year, ZXY has been gaining strength for past 3 weeks, it is now testing a major resistance level . We can expect some correction to the downside this week.
4H > We can see deceleration and will wait for creation of LL in 4H time frame for bearish confirmation.
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
NZD/USD LOND IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
NZD/USD: Daytrade-Preparation
Market-Buy: 0,68410
Stop-Loss: 0,68080
Target 1: 0,68680
Target 2: 0,68940
Target 3: 0,69150
Stop-Loss: 33 pips
Risk: 0,5% -1%
Risk-Reward: 2,36
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZDUSD facing very strong resistanceNzd was one of the biggest beneficiaries of USD weakness and NzdUsd made a new local high in this context.
Now the pair is facing a very strong resistance zone that extends to 0.7 psychological figure and I believe a drop will follow
I'm bearish this pair and I believe Kiwi will fall to 0.65 in the medium term
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6891. The pair is trading at its 20 Months high and can touch its resistance zone soon. It can consolidate after entering its resistance zone and then start a new down trend. If price breaks 0.6900 level after rebounding from resistance zone then it can start a new down trend.
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
