NZDUSD Testing Supply AreaHello Traders,
this is my view for FX:NZDUSD is going to test the supply zone after a V correction seems forming an inverted H & S.
Nzdusdtrade
NZDUSD Bearish short Bullish longHello everyone, as we all know the market action discounts everything :)
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The NZD/USD pair closed the first day of the week virtually unchanged and continues to move sideways during the first half of the day on Tuesday.
Today the price was able to reach the resistance zone between 0.7132 - 0.7159 but wasn't able to hold above it or breakout which shows how the Bears still have power in them to keep the price sideways move for the time being.
Possible Scenarios for the market :
Scenario 1 :
The price is trending near the resistance zone 0.7132 - 0.7159 if the Bulls were able to gather some force then we will see a breakout happen to that zone which will lead to more buyers going in which will push the price up to the main target at the resistance line at 0.72130.
Scenario 2 :
Today started Bullish but mid-day it turned Bearish, The bears are trying to drive the price back and if there were able to take control over the market then we will see the price drop to the support line at 0.70870 where the battle for control will start again, and looking at technical analysis shows that the outcome will probably be for the Bulls which will push the price back up to the resistance line at 0.7132
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
2) The RSI is at 61.58 showing Great strength in the market. No divergences were found between the indicator and the market.
3) The MACD is above the 0 line which indicates that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line.
Daily Support and Resistance :
support Resistance
1) 0.7104 1) 0.7132
2) 0.7087 2) 0.7141
3) 0.7077 3) 0.7159
Weekly Support and Resistance :
support Resistance
1) 0.7069 1) 0.7163
2) 0.7025 2) 0.7213
3) 0.6976 3) 0.7256
Fundamental point of view :
The dollar was down on Tuesday morning in Asia, as investors await U.S. inflation data that could provide a clue to the U.S. Federal Reserve’s timetable for asset tapering.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.597, after retreating from a two-week high of 92.887 hit earlier on Monday.
Later in the session, the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for August. Previewing the inflation report, "August's Core CPI figure is critical for the and for markets. According to FXstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
NZD/USD : DOWNTREND | NEW SWING LOW IS COMING ? SHORT VIEW 🔔As we can see this pair has been located since last February within a Descending Channel, followed by Progressive Downward Swing High and Swing Low. NZD/USD has a high correlation with EUR/USD, the latter in our opinion is on the downside. Let's assume another bearish impulse for NZD/USD with the formation of a new Swing Low.
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NZDUSDThere is no perfect trading strategy or system, but I work regularly on improving the strategies known to me by analyzing frequently and by constantly following up on a pair. For this I urge you to interact and to follow my posts.
NZDUSD TRADESI have been holding since last week. Patience and proper risk management.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management and own discretion.
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NZDUSD SELL STOP 0.71102don't trade before SELL stop, if you get 20 to 30 pips kindly close, its good for investment 2% risks.
if you wanna more pips fully risks for yours.
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NZDUSDThe New Zealand dollar rallied quite a bit during the week, and it now looks as if it is going to test the 0.72 handle. Pay close attention to the US Dollar Index because I think this is more or less going to be an indictment on the US dollar overall. Pullbacks at this point should continue to see plenty of buying opportunities, at least until we break down below the 0.69 level, which is an area where we have seen plenty of buyers over the last couple of weeks.
NZDUSD SHORT LEVELHello traders,
this is my analysis for FX:NZDUSD and the way I will operate.
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NZDUSD |The best places to sell 📍Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we have a different perspective on daily and 4-hour timeframe analyzes.
In this analysis, we are still inside wave 4 at higher timeframes.
We considered wave 4 to be complex in higher timeframes, with wave z being formed.
Wave z is forming wave c and wave c is in an unknown state.
For this reason, as you can see in the chart, two possibilities have been identified.
Probability 1: The price is confirmed after breaking the red circle at the end of c-wave.
Second probability: Wave -5- from wave c, completes at point a = c and then the descending process begins to form wave 5.
If point a = c is broken, the probability of falling is greatly reduced.
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NZDUSD | Two great points to buy🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
Wave 4 is completed in daily timeframe , and in this analysis we examine the first wave of wave 5 in daily timeframe .
We think Wave-1 will end from this point or eventually from the previous ceiling.
If the previous ceiling is broken, this process will continue to climb.
In this analysis, we considered the most normal correction value for wave 2, and if this fibo breaks, the price can have a deeper correction.
This analysis is fielded if the price crosses the warning sign.
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NZDUSD LongNZDUSD broke out of resistance last week just like EU. Now we wait for price to come back and retest breakout as support and hold with bullish momentum before going to the top
NZD/USDI wait the price to test that level of resistance and then go back down , it s not quite a good structure .
NZDUSD Looking For A LongAwaiting for a return back to the downside for an entry to the consolidation box to then push back up to take out the liquidity of the current high this has produced
What Are Your Thoughts..... ?
NZDUSD | The best place to buy🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this analysis, we examined wave a in the weekly time frame.
In wave a, waves 1, 2, 3, and maybe wave 4 are complete.
Currently the price is in a very sensitive area (at the intersection of 2 channel lines).
If the roof of the green channel is broken, we are inside microwave c of wave 4, and also wave 4 has reached its end and wave 5 is being formed.
If the price can not completely break the ceiling of the green channel, in this case we expect the price to fall to the bottom of the green channel.
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NZD/USD multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION)
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This is not an investment advice.
"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
NZDUSD 4H TF (Update) Last Analysis : Well, as we can see, according to the latest analysis, the price fell exactly to the range we had predicted and now it has reached a static support, we expect the price to have a small correction, and then in case of loss of static support to a certain range Has fallen.
Now :ok , What do you think now ? Bull or bear ????
NZD/USD: FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized.
US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes.
The forecast for the NZD/USD turned bullish after price action completed its sell-off and started to recover.
Can bulls rally the NZD/USD and pressure this currency pair into its next horizontal resistance area ?
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NZDUSD | The best area for sell🔥Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examined wave 5 at higher timeframes.
At wave 5, microwaves 1 and 2 are complete, and we expect this trend to be for wave 3 of wave 5.
In this wave, waves 1, 2 and 3 are complete and now wave 4 is being formed.
For Wave 4, we have identified three price targets, and if the midline of the channel breaks, we have higher price targets for Wave 4.
If the end of wave 1 is broken, this analysis is fielded.
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NZDUSD | The best spots to buy 🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
Based on our team's research, we concluded that c-wave has completed its 1, 2, 3, and 4 microwaves in larger timeframes (although Wave 1 is not normal and has complicated wave counting).
As you can see in the chart, we are inside wave 5 of the main wave c.
In wave 5, microwaves 1 and 2 are complete, wave 3 can be completed at this point, but according to the price targets that we specified using Fibo for wave 3, the price has the potential for further decline.
If the price reacts to the specified point, we expect waves 4 and 5 to form in the specified areas.
If the price crosses the end of wave 1, this analysis is fielded, and also the ascent to form wave b in higher timeframes is confirmed.
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NZD/USD LONG IDEANZD/USD Signal
Market Buy: 0,68190
Stop-Loss: 0,6769
Target 1: 0,69800
Target 2: 0,70100
Stop-Loss: 50 pips
Risk: 0,5%
Risk-Reward: 3,83
NZDUSD-long#NZDUSD
The market is currently on the key level of support has given a fake breakout but candle close above support. So according to technical analysis market is again going to buy as moving in a horizontal channel.
