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Nzdusdlong

NZDUSD H1: Bearish outlook seen, further downside below 0.5810On the H4 time frame, prices are approaching the resistance zone at 0.5810, in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci extension. This resistance zone is also a graphical support-turned-resistance zone that has been respected multiple times. A pullback to this resistance zone at 0.5810 presents an opportunity to play the drop to the next support zone at 0.5680. This support zone is also the graphical swing low that coincides with Fibonacci confluence levels. Stochastic is approaching resistance as well, in line with prices.
Short
by T3-Consultancy
Potential buy trade in NZD/USD, but with cautionFollowing the release of the CPI data from the US, the US dollar found some renewed strength which pushed most of the other currencies lower versus the US Dollar. The commodity currencies took a severe hit with NZD being pushed below the 0.6 level. However, the price seems to have found some support at this level and there could be a rally to 0.61 very soon. So, my plan is to long the NZD/USD at 0.5975-0.60 with a moderate stop loss and my first target at 0.61.
by YourLazyTrader
6
NZD/USD Possible Upward MoveHello Traders Last week, NFP and unemployment news did mixed signals. NFP got bullish but so weak. in the other side, unemployment did a bearish signal. We believe all USD pairs are going to make correction moves until FED's interest rate decision. So here is why we are bullish on NZD/USD: 1- RSI and Stochastic made a RD+. 2- Possible Double bottom formation. 3- in macro TF Price is moving inside of Triangle. 4- Price is struggling with downward trendline. 5- an engulfing bullish candle(4hr TF) has been made on support. If you like it then Support us by Like, Following and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
1
⭕Best BUY area for NZDUSD🧨🔥 🔰You can see the analysis of New Zealand dollars in US dollars in 2-hour time frames (NZDUSD_ 2H)🔍❗ ✴️As is evident in the description, the price after breaking the line has had an upward trend (black🖤) and pullback (orange🧡) has been rigged. If the price reaches the DEMAND range and also breaks the downtrend line (black🖤) we can expect the price to climb to the first supply zone(SUPPLY 1). In case of breaking the first supply zone(SUPPLY 1) , it can climb to the second supply zone(SUPPLY 2) and with the same conditions can climb to SUPPLY 4🧐❗ The areas of SUPPLY and DEMAND are clear in the picture👌 Do you think this analysis can be profitable❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET