Get started

Nzdusdidea

NZDUSD long trade ideaPlan: 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
3
NZDUSD SHORTNZDUSD The price on the monthly and daily time frame is walking on a channel on its way down but just right now the price is making a movement on upside which I believe it will make a fake break out reaching the purple zone near 0.691 and then coming down again to touch the middle line of the channel near level 0.592. . . . El precio en las temporalidades mensuales como la diaria están caminando en un canal hacia la baja pero en este preciso momento el precio esta retesteando la linea mayor del canal y tal vez el precio haga un falso rompimiento llegando a tocar la zona morada cerca del nivel 0.691 y después de eso esperaría que el precio vuelva a bajar y logre tocar la linea media del canal la cual esta cerca del nivel 0.592.
Short
by anaju17
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 27 Oct M > Market is moving in a downward channel. Price broke out of channel to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. W > Price moved out of channel creating HH and HL, after rejection at resistance level price made an attempt to drop down but was unable to break support created by last HL, this also coincided with top of channel acting now as support. D > Price moved up in a rising channel creating and respecting W and M formations. Price dropped out of channel and started moving upwards creating HH and HL in another channel. Price is now testing top of channel as resistance and we expect drop to the downside. We are aware that support created by top of monthly channel is now a big task for revalidation of our expectation from monthly chart. Hence we will set 3 bearish targets as off now. 1. Support of new channel 2. Daily demand zone 3. Top of monthly channel As per COT NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. NZD has been gaining strength slowly since June 2020 hence price can continue to rise up to test monthly resistance again. For bearish move we must see addition of short positions and USD must gain some strength. 4H > We can see rejection wicks that price has made at top of channel on each occasion, price is currently continuing to make HH and HL and has reached top of channel testing it as resistance. We can see rejection wick and loss of momentum as initial sign for reversal. We will wait for reversal confirmation to take short. Invalidation > In the event price breaks channel to the upside beyond a fake brake out and fails to reverse this analysis will get invalidated. Pair Correlation > Pair has a positive correlation with NZDJPY 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
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6688. The pair is trading in a upward resistance and support channel and now moving towards its resistance level. If the price breaks the resistance level at 0.6698, then it can touch the strong resistance level at 0.6735. 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 Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 20 Oct M > Market is moving in a downward channel. Price broke out of channel to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. W > Price moved out of channel creating HH and HL, after rejection at resistance level price made an attempt to drop down but was unable to break support created by last HL, this also coincided with top of channel acting now as support. D > Price moved up in a rising channel creating and respecting W and M formations. Price dropped out of channel and started moving upwards creating HH and HL in another channel. Price is now testing bottom of this channel, a level that also coincides with previous resistance as well as support. We are aware that support created by top of monthly channel is now a big task for revalidation of our expectation from monthly chart. Price can drop creating a new LL and testing top of channel as support. This can push price to the upside. Price will have to break this level to further continue with bearish move. As per COT NZD saw addition of both Long and Short further increasing net positions, confirming further improved strength of ZXY for the said week. ZXY however weakened last week. ZXY has been gaining strength slowly since June 2020 supporting our expectation for Short but now DXY is also making effort to recover. Hence we need to be cautious while taking Short trade. 4H > We can see an M formation in D and 4H chart, its is possible for price to move up to test the neck of M before continuing further with bearish move. We need to wait for price to break channel support and return back for retest. Hence we will suggest taking short trade only after break of demand zone at 0.654. Pair Correlation > Pair has a positive correlation with AUDJPY, AUDUSD, NZDJPY and AUDCHF and negative correlation with USDCAD and EURAUD. 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 0.6578. The pair is trading in a downward resistance and support channel and can continue the same pattern for some time. The price is moving towards its support wedge and can rebound back after touching it to continue trading in its channel pattern. 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
Nzd / Usd is still looking for sell opportunities.Nzd / Usd is still looking for sell opportunities. after this analysis is running s3.tradingview.com This pair seems to form a compression pattern, there are 2 points of view at this point that I find. 1. when the price is bumped by the blue line R (resistance) as a key level, then falls deep enough, the price will try to retrace back towards the blue trendline and then back down. 2. With the price being compressed, there is a high probability that it will compress at some point following the red line and come back down. then what should be done? when is the best transaction that can be done? we can sell when the price approaches the R area or touches the red upper line.
by Hokusai_FX
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel. Price broke out of channel to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. Price can drop down to create inverse H & S before making huge bullish move to the upside. W > Price moved out of channel creating HH and HL, after rejection at resistance level price made an attempt to drop down but was unable to break support created by last HL, this also coincided with top of channel acting now as support. D > Price moved up in a rising channel creating and respecting W and M formations. Price made double bottom at support created by last HL. While dropping down from resistance level price created an M formation and as expected price pull back to test neck and complete the formation. Price was creating LH and LL but last bullish candle has broken resistance created by LH creating questions around our setup. We are aware that support created by top of monthly channel is now a big task for revalidation of our expectation from monthly chart. Price can drop creating a new LL and testing top of channel as support. This can push price to the upside. Price will have to break this level to further continue with bearish move. As per COT NZD had closure of few Long and major Short increasing net positions, confirming strength of ZXY for the said week. Short positions have reduced to least in current year. ZXY has been gaining strength slowly since June 2020. ZXY improved its position last week. 4H > Price has approached supply zone creating HH and HL, we need to monitor price action for reversal of current trend. Pair Correlation > Pair has a positive correlation with AUDJPY, AUDUSD, NZDJPY and AUDCHF and negative correlation with USDCAD, EURAUD and 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
NZDUSD SWING TRADE 08-Oct-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday NZDUSD-Technical/Fundamental analysis NZDUSD has firmly broken the trend line which is holding the bullish trend since September 25 The broke and retest was happened on October 06 which triggered the further selling of NZD dollar. And the weak monetary policy by the RBNZ is the main cause for the accelerated selling of NZD dollar. Yesterday the Reserve bank of new Zealand members reiterated that they will cut the policy rate to below zero level which is a clear sign for the bearish trend in NZDUSD in coming days. The risk off mode in the market will help the USD to gain some pips against its counterparts such as euro , pound , kiwi dollar , Aussie dollar and Lonnie. The price of NZDUSD is currently trading between the .382 and .50 Fibonacci retracement level. It was traded in a narrow range from October-01 to October-06 and then seen a sudden drop towards 0.65500. And currently its retraced back towards .50 Fibonacci. Before this drop a minor consolidation phase was formed with the double top. And the price is reached the major resistance level in price action the previous consolidation phase will act as support for the bear. The swing target will be around 0.65110 and stop lose may placed above the .6615 which is a .382 Fibonacci level SWING TRADE - NZDUSD Sell @ 0.65865 Take profit @ 0.65165 Stop lose @ 0.66115 70 Pips target Don't risk more than 1% of your capital
Short
by forexorbit
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel. Price broke out of channel last month to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. W > Price moved out of channel creating HH and HL, after rejection at resistance level price made an attempt to drop down but was unable to break support created by LH. D > Price created double bottom at support created by demand zone. While dropping down price created an M formation and as expected price pull back to test the neck and complete formation. This will also bring liquidity to make an aggressive attempt to the downside. Price is now testing resistance level and we expect price to face rejection at this level and drop. As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. 4H > We can see loss of momentum as price is unable to create next HH. This setup will be invalid if price creates a HH on 4H timeframe. Pair Correlation > Pair has a positive correlation with NZDJPY, AUDCHF and AUDUSD and negative correlation with EURAUD and 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 you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX