NZD/USD possible sell opportunity at the channel resistanceNZD/USD price action looks quite weak. Price has moved lower
after touching the channel Top on Friday.
So, there's a good possibility that NZDUSD will drop to the
channel support near 0.66.
Possible entry could be between 0.6770 and 0.6810 with SL above
0.6830 and initial TP at 0.67 followed by final TP at 0.66.
The above trade will be executed if bearish PA develops and other
conditions of a short entry are satisfied.
Nzdusdtrade
NZDUSD one hour takeYesterday offered up some good short term play on NZD against the 6760 area. Today we seem to have a repeat trading opportunity within a up sloping channel so far today offering resistance. In addition we have A great fib resistance zone From the recent highs around the 6780-6800 area. With hourly price action over lapping and grinding slowly higher I’m thinking taking small short trades using the 6760 as my stop zone to see if we get a repeat of yesterday’s late afternoon play.
More of a short term trade idea and or scalping trade. As usually use your own trade plans and trade your own plan.
Post is not trading advice but a view of my trade / plan be it good, bad, or indifferent, as always the risk is always the traders to bare.
All the best my friends.
NZD/USD FX:NZDUSD Pair is moving in a rising channel with Higher highs and higher lows. Expecting the wave 5 .
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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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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
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.