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Nzdusdsell

NZDUSD Sell Monthly This is my first idea bare with me. All Follows, Comments, Feedback, and Thumbs ups will be very much appreciated. In my opinion, Focusing on the highest time frame available I've identified NZDUSD has been in a strong Uptrend from a price of 0.39 since fall 00' but it may be time for the downtrend. Major Support and resistance zone between price 0.59 - 0.62 where price is currently. Since 00' there has been 6 major sell rejections and only 1 major buy rejection. Since last major sell rejection volume has been increasing. Recently last months candle closed below the major uptrend line established 00' & with low point in 09'. The close below the uptrend line and with this month making a high to test the uptrend line once again. With this month half way over I think the high of this month is already in or is coming soon. A monthly close above the uptrend line will invalidate this idea I am preparing for a long term sell at any price between 0.59-0.61 SL: 0.62.5 (Risk 3% - 33%) entry: 0.59-0.62 TP1: 0.57 (RR ~2.3:1) TP2: 0.54 (RR ~4.1:1) TP3: 0.50 (RR ~6.5:1). Happy Easter.
Short
by maliekevans
1
NZD weakening against the USD - looks a SELL from MARKET .6063Not much dollar strength about but the NZD, one of my favourite SELLING currencies seems to be faltering. For several sessions the BULLS have struggled to force the price past recent highs at .6102 and my specialist indicator is flagging a moderate SELL on this pair. For a risk of 36 pips and a target of 146 pips - this looks a reasonable trade in the current thin market. I'm in at .6063 with a STOP above the high at .6102 and a T.P. at .5920. Easter holidays mean this is a thin trading day so this will be a slow burner with the tempo picking up tomorrow.
Short
by theforexportal
NZDUSD Market OverviewNZDUSD on daily timeframe we see that we have a nice break we have a retest and there is a potential continuation to the downside but we need to follow that on the lower timeframe so on the lower timeframe we look at the 4-hour and we have a nice reversal top after the up move to then fail to make new highs start making lower lows and lower highs so it is topping and there is potentially continuation to the downside so short term I would say keep following this small impulses and corrections far as this keep on going we should keep following the same scenario moving to the downside. ***Comment your thoughts down below!
Short
by ForexCracked
1