NZDUSD is trading in a tight rangeNZDUSD
The swing momentum was slowed and downward trend was resumed after reaching the September high 0.67880 it felled towards 0.66000 level.
The key support price also broken at 0.67416 which is a clear sign of bearish trend and now this pair is trading in a range.
We can short this pair and the potential take profit would be 0.66000 which is a 61.8% Fibonacci and key psychological level. Stop lose may place above the 0.67400 level.
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It’s not a financial advice. Do the analyze and take a decision.
Nzdusdtrade
NZDUSD - BULLISH BIASNZD - BULLISH
1️⃣ Risk-on market sentiment and weaker USD give a support for Kiwi. U.S. stock markets opened strongly on Thursday, extending their rebound and shrugging another set of weekly jobless claims numbers that suggested the labor market recovery is stalling.
USD - BEARISH
1️⃣ The dollar index extended the declines to below 92.8 on Thursday, prompted by a stronger Euro after the ECB revised its 2020 outlook up despite a stronger currency and deflationary pressures. Meanwhile, the Fed is seen leaving rates at a record low for some time.
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TECHNICAL
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- We're looking to long this pair on RBS level + SMA100 area on H1 chart.
- NZDUSD in bullish zone.
NzdUsd outlookAs I've said in my previous analysis, the false break above 0.67 zone marks a top for NzdUsd.
The pair dropped to 0.66 after this false break and now is correcting this move.
My opinion is unchanged from bearish in the medium term and I will look for opportunities to sell this pair for 0.6650 target
NZDUSD - sell biasedHi all traders,
For NU, im actually looking for more downside for this pair.
Reason being.
This pair have reach an important level.
Any attempt to touch the trend line, we should be looking for sell opportunity for now.
However, if the trend line is broken strongly , we might see it test the top level again and if fail, we should continue sell again.
The reason for it being sell biased is also mainly due to usd strength.
Of course if, USD strength does not appear. We should be looking for continuation upwards. But for now, im still sell biased until i see the top level is broken.
Cheers and trade safe! =)
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NZDUSD-Wave 5 Wave B / 2 has ended in the range of 0.54691 which indicates we should wait for the uptrend. (If the initial 5 ascending waves forming)
We are currently in 5th wave of the first uptrend, which can be extended to the targets from 0.6830 to 0.6840. Then the downtrend resumption in direction of a corrective wave for this uptrend will begin.
NZD/USD BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
NZD/USD: Daytrade-Execution
Market-Buy-Order: 0,67470
Stop-Loss: 0,67295
Target 1: 0,67640
Target 2: 0,67735
Target 3: 0,67835
Stop-Loss: 17 pips
Risk: 0,5% - 1%
Risk-Reward: 2,12
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Peace and good trades
Irasor
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NZDUSD - Range BreakWe managed to break out of the ranging market on the 15M and surpass the key monthly level marked. I would like to see price pullback and show signs of rejection before placing my long position. if we see price break through the range completly then we will see a whole new structure shift and we can then be looking for selling opportunities.
NZDUSD | SWING - 31. AUGU. 2020Hello my friend | Welcome Back.
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After he broke the descending channel and ascended, he needs to descend in order to test the break, and then rise again.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
NZDCHF complete Elliot wave AnalysisAfter the completion of the A-B-C correction, the impulse wave began rapidly as we experienced in the last week market we were able to count sub waves 1,2,3 for the wave (i)
What we expect for the week ahead is correction of the impulse move then an advance for wave 3, which often represents the strongest part of the market cycle and can't be the shortest by price
NZD/USD Technical Analysis
As suggested earlier, the counter found support at the supportive trendline and bounced off.
Now, it has broken the resistive trendline as well and consolidating just above it.
We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
The support zone marked in the chart can cap any declines.