NzdUsd outlookAs I've said in my previous analysis, the false break above 0.67 zone marks a top for NzdUsd.
The pair dropped to 0.66 after this false break and now is correcting this move.
My opinion is unchanged from bearish in the medium term and I will look for opportunities to sell this pair for 0.6650 target
Nzdusdidea
NZDUSD - sell biasedHi all traders,
For NU, im actually looking for more downside for this pair.
Reason being.
This pair have reach an important level.
Any attempt to touch the trend line, we should be looking for sell opportunity for now.
However, if the trend line is broken strongly , we might see it test the top level again and if fail, we should continue sell again.
The reason for it being sell biased is also mainly due to usd strength.
Of course if, USD strength does not appear. We should be looking for continuation upwards. But for now, im still sell biased until i see the top level is broken.
Cheers and trade safe! =)
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NZDUSD-Wave 5 Wave B / 2 has ended in the range of 0.54691 which indicates we should wait for the uptrend. (If the initial 5 ascending waves forming)
We are currently in 5th wave of the first uptrend, which can be extended to the targets from 0.6830 to 0.6840. Then the downtrend resumption in direction of a corrective wave for this uptrend will begin.
NZDUSD local signal (SHORT)Hello friends.
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Everything on the chart.
open pos: market
targets: 0.656 - 0.654 - 0.652
after first target reached move ur stop to breakeven
stop: 0.6635 (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 4
Good luck
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NzdUsd outlookYesterday I've written that 0.65 is "the line in the sand" for NzdUsd and this support is becoming more and more strong with bears very reluctant around that area.
Now the pair is trading at 0.6555, very close of the recent range resistance and a break here would put bulls in advantage and would expose 0.6650 resistance.
NZDUSD*ENG*
- Price hitting our supportive zone, we are expecting a reversal from this area.
- If price breaks, look for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, estamos a aguardar uma possível reversão neste nível.
- Se o preço quebrar, aguardar pelo retest em ordem a entrar short.
NZD/USD expect going to uptrendNZD/USD foreign money pair closed the buying and selling week close to 0.6600. The pair is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development for NZD/USD. This buying and selling week, the pair is predicted to develop and take a look at the higher sure of Ichimoku Kinko Hyo close to the extent of 0.6730. Merchants ought to count on the pair's try and rebound and additional development with a goal close to 0.6815.
NZDUSD short set upNZDUSD is setting up for a good short soon. Will see how it reacts to the trend line for a possible triple tap to the bottom. If it breaks trend will wait for the double top, which aligns with the next key resistance level for an added confluence for my short idea. Pair will probably be ready by end of this week or next week.
NZD/USD Bulls Lack PowerGood day, snipers. Here in the NZD/USD, we can see that price continuously rejects the resistance above. I am not looking for short setups here, since we are in an uptrend. Price also respects the 20 EMA that it bounces off of it. If price breaks the above resistance, I will be looking for that retest of the zone and a bullish signal that bulls have successfully stepped in.
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NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 70.43. The pair may start a new down trend if it breaks the neck line at 70.21. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the neck line, then its 1st target price will be at 69.27 and 2nd target will be at 68.69.
Follow a 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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Rishikesh Lilawat
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6473. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 0.6525, then it may start a new up trend and its target price will be at 0.6751. If the price breaks the support level at 0.6381, then it may start a new down trend and its target price will be at 0.6155.
Follow a 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
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6487. The pair started a new up trend after breaking the resistance level at 0.6454. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started an up trend by breaking the resistance level, its first target price is at 0.6570 and the second target price will be at 0.6642.
Follow a 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