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Nzdusdshort

NZD/USD likely to fall!Hey tradomaniacs, NZD/USD is testing a nice resistance-zone to go short. Currently it looks like we see distribution which is likely to result in a break of the current support at 0,61670. If we get a break here soon we could consider to short with a nice risk-reward! Orderflow looks bearish so far after the recent v-reversal showing fakemoves to attract buyers! WATCH OUT: Today is the small expiration day, means volatility is possible especially since leveraging is so extremly unilateral. Brokers / market makers might have to close there hedge-positions and so cause wild moves. What do you think?
Short
by Trading2ez
1
NZDUSD M30: Bearish outlook seen, further downside below 0.61200On the M30 time frame, prices are showing bearish order flow and facing bearish pressure from the resistance at 0.61200, in line with the graphical resistance zone. We could see a further downside below this level and a pullback presents an opportunity to play the drop, with further downside seen to the support zone at 0.60300, which is the H4 demand zone. This 0.60300 support zone lines up with the graphical support and 38.2% Fibonacci retracement. Stochastic is testing resistance at 99.57 as well where we could see a reversal below this level, supporting the bearish bias.
Short
by T3-Consultancy
NZDUSD First Target Hit +450 Pips what next ??Great trade on this pair we were looking for a signal under 0.574 we got that early last month with price going exactly as expected hitting the first easy target on Friday which was the previous low in the down trend,, you can read the related post to learn the reasons for this trade. I have now closed the position as we are approaching a Monthly SUPPLY/SELL zone you should be looking for sell signals as we hit 0.62 or above you should not try and buy into these levels. You should look for buying opportunities below 0.575 . Next week you may see early on that we get a pop up into the 0.62 area normally what will likley happen after the huge moves we seen at the end of last week will lead to a correction early in the week let's see :)
Long
by TheFxAce
1
NZDUSD Create Reversal Pattern NZDUSD Bearish Butterfly Pattern With Hidden Bearish Divergence! So NZDUSD fall from 0.599xx -0.602xx range. 1st TP 0.582xx Remember, there is no place for luck in trading - only strategy! Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Press like👍 if you have any arguments than comment your opinion about the market or your thoughts, below this analysis. Best Regards! Mahfuz Azim
Short
by mahfuzazim_TA
NZDUSD Short To Trend ChannelTechnically, NZDUSD create bearish butterfly channel in 1.414 range. And there is a classical double top pattern with hidden bearish divergence; So i anticipated NZDUSD will drop to 0.9814 at-least. Remember, there is no place for luck in trading - only strategy! Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis. Best Regards! Mahfuz Azim
Short
by mahfuzazim_TA
1
NZD falls from top 10 most traded currencies list A couple surprising notes have appeared in the Bank of International Settlements’ (BIS) survey released today (28/10/2022). The triennial (occurring every three years) survey was conducted with the involvement of monetary authorities, like central banks, from 52 territories as well as 1,200+ commercial banks. Trading volume increases Foreign exchange trading volume increased to US $7.5 trillion per day, which represents a +14% increase over the US $6.6 trillion daily trading volume recorded when the survey was last conducted in 2019. The sales desk in the United Kingdom, the United States, Singapore, Hong Kong, and Japan continued to dominate the processing of most trades, accounting for 78% or more of the trading volume. Interestingly, volume passing through the UK alone accounts for 38% of global trade, or US $2.6 trillion, however, this was down from 43% in 2019. Changing rankings The biggest surprise that was revealed in the survey was the changing hierarchy for the most traded foreign currencies. For one, the New Zealand dollar has fallen out of the rankings for the top ten most traded currencies in the world. The New Zealand dollar was overtaken by the Singapore dollar, Swedish krona, Korean won, and Norwegian krone, and is now the 14th most traded currency in the world. Even so, the New Zealand dollar’s popularity is still disproportionate compared to the size of the New Zealand economy with the New Zealand dollar on one side of US $125 billion worth of trades per day, representing 1.7% of all trades. While the rankings just outside the top ten experienced a shuffle, the US dollar remains the most traded currency in the world, accounting for one side of 88% of all foreign exchange trade. The top traded currencies in 2022 in the world are as follows: US dollar Euro Japanese yen British pound Chinese renminbi Australian dollar Canadian dollar Swiss franc Hong Kong dollar Singapore dollar Swedish Krona Korean won Norwegian Krone New Zealand dollar Indian rupee Mexican peso Taiwan dollar South African rand Brazilian real
by BlackBull_Markets
NZD/USD likely to fall!Hey tradomaniacs, NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline. Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement. Strong Rate-Hikes combined with a bad outlook for the next quarter and year is usually a very bad combination and could boost the US-Dollar with a rosk-off-sentiment. On the other hand the market could price in less rate-hikes when inflation settles down and the up-inflation-risk weakens. However, technically a good chance.
Short
by Trading2ez