NZD/USD about to fall!Hey tradomaniacs,
NZD/USD just tested a strong key-resistance-zone and is likely to fall due to a reload of sell-limits at the top combine with weak aggressive buyers which are not interested to lif the offer yet.
If those don`t get filled it is likely to see a drop here.. at least another correction of zones of more open interest.
What do you think?
Nzdusdtrade
NZDUSD: bears eyeing 0.64 levelNZDUSD has crossed its demand level now acting as supply zone. The pair is in a strong bearish momentum on high timeframe which is also caused by a strengthening of the US dollar. The pair is also seen moving within a falling channel. I expect price to fall from the supply zone and the target will be 0.64.
Please do support this idea with likes.
NZDUSD DAILY: TARGET 0.6529 DONEAs expected, Target 0.6529 is DONE, ater broke below 0.6864, which Canceled Bullish Outlook.
Break & Hold Below 0.6488,
Bearish Continue,
Potentially Target 0.6382 & 0.6340.
Resistance 0.6529 & 0.6646.
Break Above 0.7034, Buliish Resume, Potentially Testing 0.7218.
Break Above 0.7218, Potentially Testing 0.7316 & 0.7464.
NZDUSD | LONG BUY!!NZDUSD | PARALLEL CHANNEL
NZDUSD has been trading in bearish parallel channel and the price has approached to the support zone.
We have mutiple sign for reversal from here;
a) Bullish divergence on support
b) Consolidation box
c) Support Channel.
We remain watchful and long position will be taken once our criteria is fulfilled.
NZDUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/USD Short Entry UpdateHey Guys!
My long entry I took last week at 0.6804 with a stop loss at 0.6724 and its main target at 0.7034 was just stopped out.
In this video, I explain the reasoning for the long entry, moreover, what happened that lead to its failure and what I learned from this loss.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
NZD/USD likely to FALL!HEy tradomaniacs,
NZD/USD is testing the current upper trendline of the trendchannel and retraced the previous breakout which is giving us a great opportunity to follow the recent impulse to the downside.
Technically a great chance to sell if risk-off-mood stays in the market.
What do you think?
NZD/USD Short Entry UpdateHey Guys!
The Nzdusd's daily bias became long yesterday, or in other words, price is likely to reach 0.7034 before reaching 0.6724.
So I took a long entry a couple of hours ago at 0.6804 with its stop loss at 0.6724 and its main target at 0.7034.
In this video, I explain the reasoning for the short trade abort yesterday, and moreover why I entered long today and further explain what I'll be looking for in terms of trade management for this long entry.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
Good sell opportunity on NZDUSDHello traders,
NZDUSD broke below the rising trendline support as we see on 4 hour timeframe the chart on the left. On daily timeframe, price got rejected from the resistance of the falling channel and fell. I expect price to continue declining. My initial target is 0.66087.
Please support this idea with likes if you find this beneficial. If you have any thought please share in the comment section below. I will be glad.
NZD/USD Short Entry UpdateHey Guys!
The daily bias was short. Or in other words, price is likely to reach 0.6724 before reaching 0.7034.
So I took a short entry yesterday at 0.6908 with a stop loss at 0.7034 and its main target at 0.6724.
However, there were signs of lower time frame strong long strength kicking back in, so I just abort the short entry at 0.6877.
In this video, I explain the reasoning for the abort, and moreover what I'll be looking for in terms of trades on the nzd/usd.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
NZD/USD Short TradeHey Guys!
The current daily bias is short. Or in other words, price is likely to reach 0.6724 before reaching 0.7034.
So I took a short entry yesterday at 0.6908 with a stop loss at 0.7034 and its main target at 0.6724.
In this video, I explain the reasoning behind the daily bias and some key points I'm looking at for trade management.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
NZDUSDThe New Zealand dollar initially tried to rally during the week but has run into a bit of resistance near the 0.70 level. By giving up those gains, we have formed a “two-week shooting star.” If we break down below the bottom of the candlesticks that make up the last two weeks, it is very possible we could drift towards the 0.76 handle, maybe even as low as the 0.65 handle over the longer term. This obviously would be a “risk-off” type of move.