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Nzdusdshort

NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4. Wave 4 is very long in terms of time and is in normal condition in terms of Fibo. We think this wave is complex and from this complex wave the y wave is being completed. We are inside wave c of y, and from this wave c, waves 1,2,3 are formed. And now wave 4 has started, wave 4 according to wave 2 is probably flat, which is long in time and shallow in price. Preferably, we will specify a more accurate target in the next analysis. If the Fibonacci retracement of 0.618 breaks at the price of 0.70000, it can be concluded that the correction process is complete and the leading waves are forming. A further drop above Fibonacci 0.618 would be a very abnormal 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!❤️
Long
by mahdisoltaninjad
3
NZD/USD: upcoming DOWNWARD Impulse!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the NZD/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understand of my short BIAS, let’s have a quick look on the monthly timeframe: During the previous month, the market performed a really strong bearish movement, and it’s currently approaching on a solid level of support, that rejected the price many times during the past years. The market is still bearish and there is not yet a sign of rejection but still, there is a possibility of a retracement, in a short future, as a “breath” of this huge and clear bearish impulse, with a good chance of market continuation. Switching on the weekly timeframe: The market is clearly following a descending channel and focusing on the last two red candles, with the second one definitely smaller than the previous one, it’s a sign that the market is losing momentum. The current candle is actually moving in the opposite direction of the trend, but still early to say where it will close the price, considering that there are still 3 days of market activity. Let’s have a look now on the daily timeframe: After the last strong bullish impulse (see the first green arrow), the market started consolidating between the resistance and support zone, with no strength enough to push the price above the previous HH. That was the first clue of change of bias from uptrend to neutral. The last bearish impulse broke the previous lower low and the support zone of the market consolidation, the reason I believe the market will continue to the downside! Finally back to the h4 timeframe: As you can see in the chart, the market is currently moving inside a descending channel and before to plan my short position on this trade I will be waiting for a good entry point with a RRR 1:2 or greater. In the scenario of retracement instead, I will be waiting for the price to break the support zone and then I will plan my short trade on the restest of the same level. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
2
Potential Shark Forming 🦈🦈NDZUSD - Beautiful .886 Tap on the Daily downtrend pullback, multiple BOS and momentum, looking for PA to follow the direction of this shark and continue to break the DL Whats your thoughts? ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Short
by benalistarfx
4
NZDUSD - Buy to Sell ModelHi everyone! Today i'm looking at a sell on the NZDUSD to round of the week, this entry is based on the volume profile and POI on the 5m and 15m Timeframe. I will be waiting for a break of orderflow before entering. ENTRY 1 BUY LIMIT @ 0.67884 Stop Loss: 0.67867(Add Spread) TP 1 (1R): 0.67902 (Stop Loss → Break-Even / Scale-In) TP 2 (3R): 0.67938 (50%) TP 3 (5R): 0.67974 (20%) TP 4 (10R): 0.68063 (20%) ENTRY 2 BUY LIMIT @ 0.68129 Stop Loss: 0.68162 (Add Spread) TP 1 (1R): 0.68097 (Stop Loss → Break-Even / Scale-In) TP 2 (3R): 0.68032 (50%) TP 3 (5R): 0.67967 (20%) TP 4 (10R): 0.67804 (20%) Is anyone else looking at this?
by lakishnarayan
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4. Wave 4 is very long in terms of time and is in normal condition in terms of Fibo. We think this wave is complex and from this complex wave the y wave is completing. We are inside the wave c of the wave y and from this wave c waves 1, 2, 3 are formed and the last 2 waves, ie wave 4 and wave 5, must be formed. We specified the form of formation of these 2 waves and After the formation of these two waves, the price will rise to the price of 73230. If Fibo 0.618 is broken, this wave will lose some of its credibility. 🙏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 mahdisoltaninjad
6
NZD/USD: Selling Pressure Remains the Story, Lows ChallengedThe NZD/USD fell to a low of nearly 0.67370 in early trading this morning, breaking through important support demonstrated the past few days of trading. This morning’s low also touched long-term values which had not been exhibited since October of 2020. After hitting today’s low, the NZD/USD was able to stage a reversal higher, but the pair remains below resistance levels which could prove to be a significant indicator if the current lower value range continues to be sustained. Since trading at a high of about 0.72180 on the 21st of October the NZD/USD has incrementally lowered. However, the real surge lower which appears to have signaled bearish momentum may take hold in a demonstrative fashion occurred on the 22nd of November, when the NZD/USD broke below the 0.70000 and was not only able to maintain values below this important psychological juncture, but seemingly exhibit price velocity which showed other support levels were vulnerable. On the 1st of December the NZD/USD was near the 0.68650 mark and the Forex pair still has not been able to prove it can sustain a bullish move higher that is durable. The USD has been strong against many major currencies recently as the U.S. Federal Reserve seems to have created the belief it will be more hawkish regarding its monetary policy moving forward. Intriguing technical charts certainly continue to show a lack of ability regarding the NZD/USD to create a reactionary bullish winning streak. Speculators who want to be contrarian and wager on upside momentum developing are certainly fighting the trend. Traders who want to be buyers with short-term positions should not be overly ambitious and perhaps target limited upside cyclical moves. Targeting the 0.67900 to 0.67950 marks may be justifiable, if the trader is using their risk management wisely. Speculators who want to continue to pursue downward trajectory cannot be faulted. While some traders may believe the NZD/USD has been oversold, long-term charts plainly show the pair has the capability to traverse lower values. If support near the 0.67450 to 0.67400 ratios begins to see a test and break below these marks, traders may begin to anticipate stronger moves lower which could ultimately test the 0.67000 juncture. NZD/USD Short-Term Outlook Current Resistance: 0.67970 Current Support: 0.67430 High Target: 0.68260 Low Target: 0.66950
Short
by SmoothJB
1
NZDUSDThe New Zealand dollar has been falling sharply, due to risk-off sentiment hitting hard as concerns rise about the economic impact of the new omicron coronavirus variant. The USD is relatively strong, so this pair is a major focus of the Forex market and has seen lots of action, although the Australian dollar has been falling harder and getting more attention than the New Zealand dollar, with which it is highly correlated. The price of this currency pair ended last week right near its low after falling by more than 0.98%, closing at a 1-year low price with strong bearish momentum. These are all bearish signs and there is a good chance that the price will see another strong fall next week, so there will probably be an opportunity for a short trade here, although AUD/USD may be a better bet so be sure to be diversified between the two antipodean currencies if trading the NZD.
Short
by SmoothJB