Nzdusdidea
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
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6456. The pair may start a new down trend if it breaks the support level at 0.6389. The pair is now consolidating in the resistance and support wedges. If the price breaks the support level then it may start a new down trend and its target price will be at 0.6265, the stop loss price will be at 0.6477.
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
NZDUSD locally signal (SHORT)Hello friends.
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Everything on the chart.
open pos: 2 sell limit orders on ~0.648 and 0.651
targets: 0.634
stop: ~0.655 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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NZDUSD SHORTThe US dollar has been making a slow recovery, especially if you look at the DXY. A lot of my USD pairs I'm in short this week. Anyways, This pair has impulsed down and making a flag formation, it could either go up or down. On the daily it looks like the formation of a morning star to the upside. If it does will be looking for a short at the triple top area on the horizontal ray. Will be taking that trade if it correctively gets there, if it impulses with high momentum, I will be sitting on my hands waiting for another set up. The more probable move is the continuous bear flag formation where ill be taking a trade at the top of the trend line either on the 2nd or 3rd tap, depending how it moves for the impulsive downside move.
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6444. The pair started a new up trend on 19th May and after touching the resistance level the price is moving towards its support level. It may start a new down trend if it breaks the support level at 0.6444, then its first target will be at 0.6245 and second target will be at 0.6122.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6289. The pair is trading in an up trend from 18th May after breaking resistance level at 0.5964. Although, the pair has already touched its first target and second target. It may start a new down trend if it breaks the support level at 0.6210.
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Rishikesh Lilawat
NZD/USD - Sell Off Incoming?!What Is The Market Telling Us?
We have seen price range between the resistance and support of the channel
Market decived bears with a fakeout of channel on downside, triggering many BUY order for price to re-enter the channel
Previous evel @0.61460 has been broken with over-extended bullish candle, bringing more momentum for price to reach resistance for sell off
Strong bullish rejection has been shown from long upper wicks rejecting horizontal & trendline resistance
#NZDUSD, An important momentWe have reached a critical area, the NZDUSD has reached a serious resistance line but is accompanied by very positive momentum.
The Ichimoku indicates a change in trend, ie a trend from a negative to a positive one.
However, as long as the NZDUSD did not break the resistance line at 0.6150 this is an opportunity to enter with a sell position.
Target: 0.5920