Nzdusdtrade
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 - sell biasedHI all traders.
Happy pips for next week and see this video analysis on NZDUSD.
Take note of all those areas i have warned you about and take some pips out of it.
Cheers everyone and thank you as always!
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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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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.
NZDUSD, Correction?Resistance Zone Broken
Monthly, Weekly, Daily, 4H Broken
On Daily TF
Falling Wedge
Bearish Trend
Correction started
0.66 another Trendline, Strong Support
Will take LONG entries from 0.66 if HOLDS..
NzdUsd- sell with a great risk: rewardNzdUsd found a clear top at 0.68 zone. Now the pair is consolidating above 0.67 zone and a small correction to 0.6725 is not out of the question.
A sell position in this zone with a target of 0.6650 would have a 1:3 risk: reward.
NZDUSD Short Trade ideaHey traders, here is the analysis of the NZDUSD short trade. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
