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Nzdusdshort

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
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 wave c of wave y and we assume that the last wave c moves towards Fibonacci 0.5 and then starts its ascent for wave 5 or wave d and this ascending wave continues until wave b before has it. If the Fibo 0.50 is broken, the next target for the Fibo will be 0.618. 🙏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
NZD/USD SHORT SELL OPPOTUNITY NOW.. 💹NZD/USD ⏬SELL @ 0.69775 ((SCALPING TRADE)) ✅TP-1# 0.69500 ✅TP-2# 0.69290 ⛔️SL 0.70307 📊 Trade Accuracy 80% 📊 📊Follow Proper M.M & Also Use S.L 📊 AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
Short
by AronnoFx
NZD/USD 4HR CHART POSSIBLE BUY OR SELL WHO KNOWS ???Hi everyone this is my trade set up for the NZD/USD for the new week ahead POSSIBLE 1 SCENARIO i think NZD/USD will possible push up for a buy trade if it rejects the trend line which it has done on a few occasions now and should go up to the area of 0.70780, then will push down later in the week for nice sell trade and will break the trend line to lower levels of 0.69222 and beyond NZD/USD has just completed a 5 leg wave POSSIBLE 2 SCENARIO if it breaks the trend line at the start of the week i can see it pushing to first lower level of 0.69222 This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
by Costy13
NZDUSD short running 📉🏃Using the POW reversal strategy on this pair. Trade details can be found on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed show all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
3