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.
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Team Fortuna
-RC
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Nzdusdlong
⭕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🤍🌹
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The Best Place To BUY / Sell NZD/USD , Full Analysis Cleared This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDUSD M30: Bearish outlook seen, further downside below 0.6188On the M30 time frame prices are approaching resistance at 0.61880 where we could see a reversal below this level. The 0.6188 resistance zone lines up with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the next support target at 0.6100.
💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6185).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.6250
TP2= @ 0.6280
TP3= @ 0.6315
TP4= @ 0.6364
TP5= @ 0.6382
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
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💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6185).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.6250
TP2= @ 0.6280
TP3= @ 0.6315
TP4= @ 0.6364
TP5= @ 0.6382
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
⭕️BUY NZDUSD ; Its time to BUY🔥🔰You can see the analysis of The New Zealand Dollar in US Dollars in 30 minutes time frame(NZDUSD _ 30 min)🔍💣
✴️As is evident in the analysis. The price has been able to break the downtrend line (black🖤 line) and has the ability to climb to the resistance line (orange🧡 line) if it can also break this line upwards can climb up to the supply range and 61.8% of the Fibonacci retracement drawn from point A to B (purple💜 line)🧐❗
The areas of supply and demand in the picture are clear❗❗
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
NZD/USD Made Double Bottom Pattern , Time To Long ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Will the new increase (nzd/usd) be sharp?In my opinion, this currency pair is in a 5-wave downward trend.
We are currently in the middle of wave 4 and the first part of wave 4 movement has been completed. Currently, we should expect the formation of the second part of wave 4.
In the second part of the movement of wave 4, selling pressures will decrease and buyers will take over the market. As a result, the second part of the wave will be very sharp.
Be successful and profitable
NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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NzdUsd can rise to 0.65 zoneAfter the drop under 0.62 important support and a touch of 0.6050, NzdUsd has reversed and made a high around 0.63.
A consolidation followed and the pair formed a strong base at 0.62
At this moment a new leg up can follow and the pair can rise to 0.65 zone
I'm bullish as long as NzdUsd stays above support