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Nzdusdsignal

NZD/USD skyrockets towards the targetsIt's a daily chart of NZD/USD. From the 19th of March 2020, it started to rise and still moving upward. For an easy understanding of the trend, I have applied the DMI and SuperTrend. Let's take a look at indicators, DI+ is above DI- that means the trend will continue to move upside. ADX is greater than 25, which also indicates the upside movement. Now talking about the trend, At present, the trend is moving upward, and it's marching towards the targets, which are 0.7160 - 0.7260 . But if the trend crosses the control price and successfully makes consecutive candles, then targets for the fall will be 0.6900 - 0.6800 .
by forextidings
Start selling for Nzd / Usd, this is a swing analysis, adjust itStart selling for Nzd / Usd, this is a swing analysis, adjust it to your trading system. I see the possibility that the current price has finished forming wave B, the price is going for the formation of wave C. If we pull out the Fibo extension, it looks like the price is at the fibo level 0.382. Usually, wave C is at least the same as wave A, guided by this theory, we can determine the TP in the blue SnD area. SL 0.67300 TP 0.63800
Short
by Hokusai_FX
NZDUSD SWING TRADE 08-Oct-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday NZDUSD-Technical/Fundamental analysis NZDUSD has firmly broken the trend line which is holding the bullish trend since September 25 The broke and retest was happened on October 06 which triggered the further selling of NZD dollar. And the weak monetary policy by the RBNZ is the main cause for the accelerated selling of NZD dollar. Yesterday the Reserve bank of new Zealand members reiterated that they will cut the policy rate to below zero level which is a clear sign for the bearish trend in NZDUSD in coming days. The risk off mode in the market will help the USD to gain some pips against its counterparts such as euro , pound , kiwi dollar , Aussie dollar and Lonnie. The price of NZDUSD is currently trading between the .382 and .50 Fibonacci retracement level. It was traded in a narrow range from October-01 to October-06 and then seen a sudden drop towards 0.65500. And currently its retraced back towards .50 Fibonacci. Before this drop a minor consolidation phase was formed with the double top. And the price is reached the major resistance level in price action the previous consolidation phase will act as support for the bear. The swing target will be around 0.65110 and stop lose may placed above the .6615 which is a .382 Fibonacci level SWING TRADE - NZDUSD Sell @ 0.65865 Take profit @ 0.65165 Stop lose @ 0.66115 70 Pips target Don't risk more than 1% of your capital
Short
by forexorbit