Nzdusdtrade
NZDUSD time for a short ⏰↘️We start the week with a NZDUSD short trade .
Trend trade identified and entered.
Working H1 timeframe.
Trade details can be found on the chart in printed label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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$NZD KIWI - Where to next?$NZD KIWI - Where to next?
We had the FOMC, wasn't as hawkish we are at neutral rates, we had a horrible GDP and now we are in data dependent of course, is recession priced in already? Well, time will tell but regarding NZD:
Technical terms: In pennant/Bull flag a break to either direction. A break above 50 EMA - TL down we onto the bulls further in control next area of interest 1.618 areas which is a key resistance zone.
I bullish FX commodity pairs and precious metals, even a crypto! (Not Investment Advice)
TJ
NzdUsd to resume its down trendIn the past two weeks, NzdUsd has risen from the recent low at 0.6060 to a high just under 0.63. This, however, is only a correction to the major overall downtrend and the pair looks ready to resume its down move.
0.62 zone is confluence support given by horizontal and rising short-term trend line levels, and a break under would confirm my outlook.
I'm looking to sell this pair on confirmation with a 0.6 zone target
NZDUSDNZDUSD is at a KEY Level (Bullish Order Block) where we are expecting a Bullish MM Reversal pattern. There may be a short move to go below the current low to raid the liquidity underneath the lows before we go up. This means that SL might need to be a bit bigger or be very clinical with entry in the lower timeframes (15min, 5min).
NZDUSD - Short/Sell Idea - Descending ChannelNZDUSD - Short/Sell Setup - NZD has been trading inside a descending channel since mid June. At the moment it is testing the upper trend line of said parallel channel, it also has tested a recent resistance area and price has seemed to have rejected this area, quite strongly, similar to the last time it met this level. Upcoming news for NZD is also looking negative for NZD
Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also you can take partials along the way or trail profit in case of a reversal or if price surpasses our target level.
NZD vs USD falling wedgeThe prices are in the falling wedge. The value of the NZD against the USD is in the downtrend. We expect the price to break to the upside from the falling wedge formation. Our entry would be the breakout. It is expected that the NZD will be valued after falling wedge. The Demand Index crossed the 0 number upwards. In the same perspective, CMF crossed the 0 number upwards. The Demand Index and CMF indicators show that NZD will be valued against the USD based on the results of the chart.
Target in the chart
NzdUsd- Bottom in placeLast week, NzdUsd has broken under important 0.62 support. However, the pair lacked continuation and has blocked and formed new strong support above 0.61.
Friday's candle is a Pin Bar exactly from this support which can be the signal for reversal.
Confirmation for reversal comes with a break back above 0.62 and, in such a case, NzdUsd can continue its ascent to important 0.64 zone resistance.
I'm bullish as long as last week's low is intact
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS - NZDUSD is currently DOWN very fast. This is because of the VIX UP and the strength of the dollar.
- Thus COMMODITIES are DOWN. It also has a very strong impact on the NZD. The CURRENCY STRENGTH WEAK CURRENCY is the New Zealand Dollar.
- NZDUSD can move further up to 0.6185 LEVEL. Also, if the MARKETS RISK is ON after that, you can definitely BREAK the TREND LINE above NZDUSD and BUY up to 0.6571 LEVEL.