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Nzdusdshort

NZDUSD to extend losses?NZDUSD - 24h expiry - We look to Sell a break of 0.6150 (stop at 0.6180) Trend line resistance is located at 0.6175. We expect a reversal in this move. A move through 0.6150 will confirm the bearish momentum. Short term RSI has turned negative. The measured move target is 0.6075. Our profit targets will be 0.6075 and 0.6050 Resistance: 0.6175 / 0.6200 / 0.6225 Support: 0.6150 / 0.6100 / 0.6075 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
NZDUSD - A Deep Pullback Or A Breakout?Analysis: We took a trade on this pair the other day but we ended up getting stopped out due to the bearish news that came out for the USD however we're going to take another shot at NZDUSD. We are still bearish on this pair because we're still in a downwards trend. We haven't formed a higher high yet which confirms that we're still in a downwards trend. Price has pulled back a fair bit but we see this as a deep retracement and a great shorting opportunity. We're currently at a key level which has held multiple times so we expect it to hold again. For more confluence at our area we also have the 61.8% fib retracement level which is often seen as the strongest fib level so we have more confidence that this level will hold and that this is where the bears will take back control. Another confluence factor that we have is the downwards trendline. This trendline has held multiple times before, causing huge rejections so we expect that this will happen again which is a positive for this setup. Fundamentally the USD is the 2nd strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour to be on the short side of NZDUSD. For more fundamental confluence we have an increase in both long and short positions on the USD by institutions which is pretty neutral whereas for the NZD we didn't really have an increase in long positions but we did see an increase in short positions by institutions so this is yet another confluence on why we want to be shorting this pair. We have had some bearish news come out recently for the USD however on Wednesday when Fed Powell testifies we could see some bullishness coming back to the USD. If the market gets any reasons to go long on the USD then we would see this pair drop and with all of the technicals and fundamental analysis we've done we think that we'll see the bulls step back in on the USD which is why we are currently bearish on NZDUSD despite the current market conditions. 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
26
NZDUSD to continue in a move lower?NZDUSD - 24h expiry Previous support located at 0.6175. Previous resistance located at 0.6200. Trend line support is located at 0.6150. A lower correction is expected. A move through 0.6175 will confirm the bearish momentum. We look to Sell a break of 0.6175 (stop at 0.6205) Our profit targets will be 0.6100 and 0.6075 Resistance: 0.6200 / 0.6220 / 0.6240 Support: 0.6175 / 0.6150 / 0.6100 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 to stall at previous resistance?NZDUSD - 24h expiry Previous support located at 0.6125. Previous resistance located at 0.6175. Trend line support is located at 0.6100. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6200 (stop at 0.6230) Our profit targets will be 0.6125 and 0.6100 Resistance: 0.6175 / 0.6200 / 0.6225 Support: 0.6150 / 0.6125 / 0.6100 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 Bearish Retracement Opportunity (Overall Bullish Bias)-After the most recent bearish push, price found support at the .6000 area and formed a Lower low - Price found support and formed a double bottom, which is a candlestick reversal pattern and made a bullish push. -Price then met resistance near the .62500 area and formed a somewhat doji candlestick, showing indecision and hinting at a possible reversal. - I am waiting for price to form a candlestick reversal pattern on a lower time frame (1-4) before it makes it bearish retracement. - I can see price testing the 50.0-61.8 fib level, to confirm the change in market sentiment (bullish). -The 50.0-651.8 Fib levels also align with the neckline of the double bottom, I am anticipating a test of the neckline followed by a bullish up.
Short
by NoCeilingsTrading
NZDUSD Long Term Trading IdeaHello Traders In This Chart NZDUSD DAILLY Forex Forecast By World of Forex today NZDUSD analysis 👆 🟢This Chart includes_ (NZDUSD market update) 🟢What is The Next Opportunity on NZDUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797
1
NZDUSD - Breakout Of A Range?Analysis: From the charts we can clearly see that price was stuck in a range until recently where we saw a breakout to the downside signalling to us that there is downwards momentum. With this bias we're only looking for shorts on this pair. Price has since returned to our area of interested, giving us the opportunity to look for shorts from this area. Why this area? Well for added confluence we also have the 50% fib retracement level which has been tagged and which we expect to hold and for sellers to continue to push price down further. Our second added confluence that we have is the downwards trendline that is clearly present on the chart. We expect that this trendline will be respected meaning that price will head to the downside. When we look at the fundamentals these also go in our favour. The USD is stronger then the NZD with the USD being the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this helps our idea. For more confidence in this setup the NZD had an increase in short positions meaning that more institutions are starting to short the NZD. Now institutions have access to a lot more data then we do so there must be a reason why they are starting to short the NZD whereas we actually see an increase in both long and short positions on the USD. Although this isn't a positive it also isn't a negative as there are still institutions entering long positions on the USD. With all of the data we have access to and taking a look at the technicals and the fundamentals we are bearish 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
8
NZDUSD: Corrective Wave Ending, Impulsive Downside Move AheadHello Traders, I would like to bring you my view of NZDUSD currency pair. The NZDUSD currency pair has been undergoing a corrective wave (4) since the 31st of May. It is evident that the correction is nearing its completion, as indicated by the complete formation of lower degree waves (a) and (b), with wave (c) reaching its termination zone. This development suggests the imminent commencement of an impulsive wave (5) of a higher degree to the downside. Assuming the absence of a combination pattern within wave (4), a significant downward move can be anticipated from the current zone. However, if a complex structure does emerge, it is possible that the market will experience a period of consolidation before the anticipated drop occurs. As it stands, wave (4) is almost twice the time it took wave (2) to play out, which in my opinion is in line with the guideline of alternation. To validate this outlook, it is important to monitor the price action within the current zone and 0.61795 price level. A breach of 0.61842 price level would invalidate this analysis. In terms of targets, my initial objective is set at 0.59866, while my medium-term target is 0.59365. Cheers!
Short
by Samuel124
NZDUSD to find sellers at market?NZDUSD - 24h expiry - We look to Sell a break of 0.6145 (stop at 0.6175) Previous support located at 0.6150. Previous resistance located at 0.6180. Trading within the Channel formation. We look for price action to stay within the channel formation today. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. A move through 0.6150 will confirm the bearish momentum. Our profit targets will be 0.6075 and 0.6060 Resistance: 0.6180 / 0.6200 / 0.6225 Support: 0.6150 / 0.6100 / 0.6075 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
NZDUSD - Will The USD Rally Continue?Analysis: From the charts we're clearly able to tell that price is in a downwards trend, showing us that we want to be shorting this pair only. Last week we saw a break of this key level and we're now seeing that same level get retested for resistance and there is a good chance that this area will hold. For added confluence we have a long term downwards trendline which has been respected multiple times, this gives us more confidence that price is in a downwards trend still. At our area we also have the 50% fib retracement level which we could expect sellers to be sat at wanting to push price down which again works in our favour. Fundamentally the USD is the 2nd strongest major currency pair making it very attractive to buy. The USD also has been on a rally recently showing that the bullish momentum is there. The NZD however is the 4th strongest major currency pair so when we compare the USD to the NZD we have more of a bias to be bullish on the USD then the NZD which goes in our favour for this setup. 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
8
NZDUSD to find sellers at previous support?NZDUSD - 24h expiry Previous support located at 0.6000. Previous resistance located at 0.6025. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6045 (stop at 0.6070) Our profit targets will be 0.5985 and 0.5970 Resistance: 0.6025 / 0.6050 / 0.6075 Support: 0.6000 / 0.5975 / 0.5950 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