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Nzdusdshort

Chart analysis for NZDUSD D1A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some follow-through buying and sustained strength above the 0.6200 mark before positioning for any further appreciation. In other words, NZD/USD might test the 0.62800-0.6285 supply zone, or May's monthly swing high, once it clears 0.6235. As for downside protection, the 0.6140-0.6130 area now appears to protect us before 0.6100. 0.6070-0.6065 is currently pegged as good support along the lower end of the triangle. NZD/USD could reach the psychological level of 0.6000 if the pair breaks below. There is potential for further near-term losses if further selling occurs below the YTD low.
by enclavefx_Analaysis
NZDUSD - The Bears Are Stepping In!Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price has pulled back to an area that we're very interested in as its held multiple times in the past signifying that it is a strong area and we have other confluence factors at this level too to back up this setup. To add to this idea we've seen the rejection of the 61.8% fib level showing that the sellers have stepped into the markets which helps with our idea. We've also seen the rejection of the downwards trendline just as we expected would happen. This shows that the bears are in control of the market, indicating that there should be more bearish momentum on the horizon which goes with our idea. So technical wise we have a very good reason and bias to the short side but we don't just look at the technicals so taking a look at the fundamentals too, we see that we also have these on our side. Firstly we have the USD which is the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this is already pointing to be bearish on NZDUSD but looking further to add more confluence we also see that the USD had a decrease in long positions and a huge decrease in short positions by institutions so overall this is looking bullish for the USD whereas for the NZD we saw a small decrease in short positions but a larger decrease in long positions by institutions which is a bearish indication. Overall we have multiple confluences lining up signalling to us to be shorting the NZDUSD which is why we have a bearish bias on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
34
NZDUSD to turnaround at trend of lower highs?NZDUSD - 24h expiry Trend line resistance is located at 0.6160. Price action has continued to trend strongly higher and has stalled at the previous resistance near 0.6160. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. A move through 0.6130 will confirm the bearish momentum. We look to Sell a break of 0.6125 (stop at 0.6160) Our profit targets will be 0.6045 and 0.6025 Resistance: 0.6160 / 0.6180 / 0.6200 Support: 0.6130 / 0.6100 / 0.6050 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
NZDUSD: 1H analysisHi guys I hope you have used the previous analyzes correctly and have benefited In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges after hitting this area and being rejected: tp1: 0612 tp2: 0.609 tp3: 0.6068 In case of strong crossing of 0.6164 resistance, this analysis is invalid.
Short
by Money_hunters
🚧NZDUSD will FALL further🚧NZDUSD has started to form corrective waves in a descending channel after completing five impulse waves so that the structure of corrective waves is Zigzag(ABC/5-3-5) . The main wave A and B correction inside the descending channel has been completed, and now NZDUSD is completing the main wave C. The main wave C has an Expanding Ending Diagonal structure. I expect microwave 5 of the main wave C to finish in the 🟡 Price Reversal Zone(PRZ) 🟡 and at the bottom of the descending channel. 🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
24
NzdUsd could probably break supportThe long-term trend for NzdUsd is clearly bearish and the recent rise started in November was just a correction with a high around the 0.65 zone and a clear resistance at 0.64 and the pair trading in the range starting in March. The recent rally from 0.6050 support was anemic in comparison to other USD counterparts and suggests a very weak NZD. A break under support is very probable at this moment and a new test of 0.56 low could follow in the next months. That being said, I'm looking to sell rallies with negation above the 0.62 zone
Short
by Mihai_Iacob
26