Get started

Nzdusdsell

NZDUSD Bearish short Bullish longHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The NZD/USD pair closed the first day of the week virtually unchanged and continues to move sideways during the first half of the day on Tuesday. Today the price was able to reach the resistance zone between 0.7132 - 0.7159 but wasn't able to hold above it or breakout which shows how the Bears still have power in them to keep the price sideways move for the time being. Possible Scenarios for the market : Scenario 1 : The price is trending near the resistance zone 0.7132 - 0.7159 if the Bulls were able to gather some force then we will see a breakout happen to that zone which will lead to more buyers going in which will push the price up to the main target at the resistance line at 0.72130. Scenario 2 : Today started Bullish but mid-day it turned Bearish, The bears are trying to drive the price back and if there were able to take control over the market then we will see the price drop to the support line at 0.70870 where the battle for control will start again, and looking at technical analysis shows that the outcome will probably be for the Bulls which will push the price back up to the resistance line at 0.7132 Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.58 showing Great strength in the market. No divergences were found between the indicator and the market. 3) The MACD is above the 0 line which indicates that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line. Daily Support and Resistance : support Resistance 1) 0.7104 1) 0.7132 2) 0.7087 2) 0.7141 3) 0.7077 3) 0.7159 Weekly Support and Resistance : support Resistance 1) 0.7069 1) 0.7163 2) 0.7025 2) 0.7213 3) 0.6976 3) 0.7256 Fundamental point of view : The dollar was down on Tuesday morning in Asia, as investors await U.S. inflation data that could provide a clue to the U.S. Federal Reserve’s timetable for asset tapering. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.597, after retreating from a two-week high of 92.887 hit earlier on Monday. Later in the session, the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for August. Previewing the inflation report, "August's Core CPI figure is critical for the and for markets. According to FXstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
NZDUSD |The best places to sell 📍Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism. In this analysis, we have a different perspective on daily and 4-hour timeframe analyzes. In this analysis, we are still inside wave 4 at higher timeframes. We considered wave 4 to be complex in higher timeframes, with wave z being formed. Wave z is forming wave c and wave c is in an unknown state. For this reason, as you can see in the chart, two possibilities have been identified. Probability 1: The price is confirmed after breaking the red circle at the end of c-wave. Second probability: Wave -5- from wave c, completes at point a = c and then the descending process begins to form wave 5. If point a = c is broken, the probability of falling is greatly reduced. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by TajereBartarFX
2
NZDUSD | Two great points to buy🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism. Wave 4 is completed in daily timeframe , and in this analysis we examine the first wave of wave 5 in daily timeframe . We think Wave-1 will end from this point or eventually from the previous ceiling. If the previous ceiling is broken, this process will continue to climb. In this analysis, we considered the most normal correction value for wave 2, and if this fibo breaks, the price can have a deeper correction. This analysis is fielded if the price crosses the warning sign. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by TajereBartarFX
NZDUSD | The best place to buy🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism. This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this analysis, we examined wave a in the weekly time frame. In wave a, waves 1, 2, 3, and maybe wave 4 are complete. Currently the price is in a very sensitive area (at the intersection of 2 channel lines). If the roof of the green channel is broken, we are inside microwave c of wave 4, and also wave 4 has reached its end and wave 5 is being formed. If the price can not completely break the ceiling of the green channel, in this case we expect the price to fall to the bottom of the green channel. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by TajereBartarFX
1