Nzdusdlong
NZDUSD 200+ PIPS?!looking for NZDUSD to start buying as the dxy drops.
We are about to play into a nice orderblock/poi and i would like to see a reaction from there with bullish price action.
There are two potential entries that you could take. I would risk 2% on the first entry and 1% on the 2nd entry
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
NZD/USD 4HR CHART POSSIBLE BUY OR SELL WHO KNOWS ???Hi everyone this is my trade set up for the NZD/USD for the new week ahead
POSSIBLE 1 SCENARIO
i think NZD/USD will possible push up for a buy trade if it rejects the trend line which it has done on a few occasions now and should go up to the area of 0.70780, then will push down later in the week for nice sell trade and will break the trend line to lower levels of 0.69222 and beyond
NZD/USD has just completed a 5 leg wave
POSSIBLE 2 SCENARIO
if it breaks the trend line at the start of the week i can see it pushing to first lower level of 0.69222
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
NZDUSD - Support found?We may have support forming on NZDUSD continuing to watch the US Dollar is due for a correction.
- New Zealand Debt $156 Billion
- US Debt $28.9 Trillion
- Inflation is high in NZD however it's also high in US from money printing.
- The money should be printed in US soon and it's going to cause the currency to fall
- US can't afford an interest rate hike
- NZD can afford an interest rate hike
- Bullish for NZD
NZD/USD | SWING TRADING | BULLISH VIEW....The NZD/USD ended the week higher, with the U.S. dollar under pressure. Markets are watching the Fed's
dovish stance, which the Bank showed despite job growth in the U.S. ANZ Bank economists expect the kiwi
will not be able to extend gains while the economy is in a stalemate.
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NzdUsd- Correction is most likely overIn my previous NzdUsd analysis, I said that I'm bullish and I expect the price to rise to 0.73 resistance and at this moment my opinion is reinforced.
After a short dip under support, the pair has reversed on Friday, and yesterday we have a strong bullish day that concludes a "Morning Star" candlesticks formation on out daily chart.
NzdUsd looks prepared for more gains in the coming days and my target remains 0.73.
Interim resistance is 0.7215 last high and only NzdUsd back under 0.71 would change this bullish perspective.
Traders should look to buy dips on this pair
Bearish outlook on NZDUSDPrices are facing bearish pressure from the resistance zone , in line with the 50% fibonacci retracement and 61.8% Fibonacci extension, where we could see a further downside below this level. Ichimoku cloud and MACD are showing signs of bearish pressure as well, in line with our bearish bias.
NzdUsd- Back in the range- Bullish conotationsOn Friday, NzdUsd has dropped under the rectangle's support.
However, the pair quickly reversed losses, proving that it was a false break and now is trading at 0.7155 and back into the range.
The long-term trend for the pair is bullish and the pair could resume its way up very soon.
0.73 can be the target for bulls and this scenario is negated by a drop under recent low
NZDUSDBullish Indicators:
Support zone 0.71340
Bearish Indicators:
Resistance zone 0.72183
Plan A: On the breaking of support zone at 0.71340 one can take short position for the target of 0.70818 and 0.69975
Plan B: One can take long position on the breaking of resistance zone for the target of 0.72700 and 0.73000
NZDUSD | A TEST OF SWING HIGHNZDUSD after making a swing high of 0.72188 correct itself to fib level 0.236.
It is coming again to test swing high.
Question is will it break or fall after making double top?
Plan 1: IF IT BREAKS & CLOSE ABOVE 0.72188
Buy: 0.72200
SL: 0.71329
TP: 0.73030
Plan 2: IF IT MAKES BREAISH CANDLE ON TOP 0.72188
Sell: 0.72000
SL: 0.72500
TP: 0.71330
Let us know what do you think in comment
Pullback on NZDUSD presents an opportunity to sell Looking at the daily time frame, prices are currently testing a key supply zone with potential for further downside. On the M30 time frame, prices broke below the ascending trend line and is facing bearish pressure from the 34EMA as well. A pullback to test its resistance zone at 0.72010 which lines up with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the drop to the next support target at 0.71520, in line with the 78.6% Fibonacci retracement. MACD is showing signs of bearish pressure as well.
NZDUSD is more likely to rise to 0.74604 and here is whyNZDUSD is more likely to rise to 0.74604
🔍 Technical expectations:
🔹NZDUSD broke the February 2021 downtrend trendline and is more likely that momentum will change to the upside.
🔹Strong bull pressure, NZDUSD will be pushed to 0.73071 and later 0.74640
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Potential long opportunityNU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly.
Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon.
The current price level isn't worth me taking the risk as NU may still move to the downside if DXY tends to continue rising higher. But I will try a small lot size considering 0.71320 area has formed a firm support on 4H
Entry: 0.71467
SL: 0.71275
TP: above 0.719
Expected Pips: 20-50 pips
Expected Timeline: 1-2 days
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Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
NZDUSD - entering the bullish waveHello traders,
Last week the kiwi-dollar has broken out of the longer time frame bullish pattern and now is forming a falling wedge on 15m and 1H time frames.
The bullish pattern after a bullish breakout confirms the bullish trend. Thus there is a good chance to catch up with this wave.