NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Nzdusdtradesetup
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.
NZDUSD - Full Analysis BreakdownWelcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on NZDUSD, this pair has been in an uptrend for the last few week. As we are approaching highs at 0.70000 we can expect to see a level os profit taking from smart money.
We can also see the market gap at 0.67800 that was not closed, this offers an area of high probability to us as this gap remains unfilled.
If you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
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Alpha Trading Group.
NZD/USD - continued bearish momentum after peak above 0.6600During our last post on NZD/USD we were looking at price action on the weekly time frame and had estimated a continued bearish movement as price rejected from the upper boundary of the descending weekly trend channel. Price is currently posting another bearish candle on the weekly time frame if bearish momentum continues into Friday. This may change after the last candle of the week.
A weakening dollar did push price back up above 0.6600, but the level was strongly rejected with price falling quickly back to the support at 0.6572. Price has now broken through this level of strong support, with price currently hovering around 0.6500. We are expecting a push back up to 0.6572 to retest the level, before price then continues further down. We will be looking at the level of 0.6572 to enter a short position with a take profit target of 0.6500 and a second take profit target at the support of 0.6385. If price breaks and holds above 0.6572 on the daily, we will rethink our analysis.
Just a PLAN for NZDUSD, not entering yet!Looking at a potential short trade on NZDUSD, if you love trendlines you will like this chart! We have a medium term upwards channel. The thicker trendline above is a longer term trendline and it looks like there could be a fakeout on this one. Finally we have a shorter term upwards trendline in which price has broken out of and now I am waiting for a pullback before entering! The pullback may not come but I prefer to wait rather than take a lower Risk:Reward