Get started

Nzdusdlong

NZDUSD change of trend! Let's take a plane to Bahamas!In my previous analysis on this pair I mentioned of it falling into the level it is now. I marked this level to be a level of interest for a few reasons. 1. It acted as strong support level in the past (going back to October 2018) looking at my black horizontal line. 2. Around 2019 and 2020 we see price reacting on this level several times. It had been a battle field for bulls and bears, a fight for dominance. 3. Price had been in a downtrend since February 2021, falling from its February 2021 high, and price was moving in an descending channel. 4. Price has now reached the support of this falling channel which also intersect with our black horizontal line (at confluence). From here I expect bulls to take over the battle and a rise from here would last at least until price reaches the resistance of the falling channel. Looking for best buy entry? On a 1 hour timeframe as shown on the chart below, price broke above the minor downtrend trendline. This means there's already a high chance that price will push up which will eventually lead to an acceleration in bullish momentum. Like if you find this idea helpful. Comment below if you have something to add. All the best!
Long
by Forexintelligence_NA
NZDUSD price might reverse next week, still BEARISH LONG TERMThe NZDUSD price is still playing the trend of going down, just like the other pairs with USD. And also, there might be a possible retracement next week given the fact that it looks exhausted on the indicators that we are using. However if we are going to look at the higher timeframe, it still looks bearish and just the start of it. I just said it might reverse next week because there is no pair that goes one direction, retracement is always part of it. PS. I am a swing trader and that is why I am saying it haha
Short
by nvrfxtrading
Thu 21st Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Buy, EUR/USD Buy & NZD/USD Buy. Just be aware of your overall risk here due to the high correlation between these 3x pairs. I also discuss some trade management. Enjoy the day all. Cheers. Jim
by JAGfx
1
NZD/USD Short Entry UpdateHey Guys! The Nzdusd's daily bias became long yesterday, or in other words, price is likely to reach 0.7034 before reaching 0.6724. So I took a long entry a couple of hours ago at 0.6804 with its stop loss at 0.6724 and its main target at 0.7034. In this video, I explain the reasoning for the short trade abort yesterday, and moreover why I entered long today and further explain what I'll be looking for in terms of trade management for this long entry. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
NZDUSD | Perspective for the new weekA bullish trendline is identified in the 4H timeframe and this line also shares a confluence with a significant key level at 0.68250. We shall hereby be looking for a breakout of a reversal set-up for a signal to join the potential bullish trend. However, a breakdown/retest of key level might incite a risk of further decline hence the need to be very conscious as we monitor price action. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry