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Nzsusd

NZDUSD reversal in RESISTANCE zone and FALLIn mid-February, the price bounced off the 0.715 support line and began to grow. During the strong growth, it was able to consistently break through first the support line 0.727 and then the level of 0.742. Then it stopped at the strong resistance line of October 2018. From this point, the price reversed and began to fall. She has already broken through the level during the fall and is now on her way to strong support lines. And I expect it to continue falling and eventually come to the support line at 0.720. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
10
NZDUSD: false breakout failed to break the trendAfter the price broke the uptrend last week, it touched the 0.717 price level and eventually returned to growth. The price movement follows the price levels created in the ascending channel in December 2020. At this moment, the price is again within the trend at its upper border of 0.733. She started working on the correction. It can be expected that the price will fall to the bottom of the trend, then bounce off and rise to the 0.738 position. SL - 0.725. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
12
NZSUSD: a turning point in a trendThe price is backed by a strong June 2020 support line. In November, there was a breakdown of this line, but before and after this breakout, the touch of the line reversed the price direction. The last time the price touched the line at the beginning of February around 0.714. And now it is in the process of growing (working with corrections). It is likely that the price will touch the resistance 0.733 (the smaller line formed in December) before starting to fall. SL - 0.717. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
10
NZSUSD: trend reversal through a bearish patternA Wedge reversal pattern has formed on the chart. Elements of the pattern: a clear trend preceding the formation (for this example, an upward trend), at least 5 touches of trend lines, a mandatory narrowing of the movement zone and a decrease in the volume of price fluctuations. The pattern will be fully completed after the breakdown of the 0.714 trend line. Only after the breakout (and ideally, fixing on the line) can you enter the market and start selling. The price should drop by the volume of the previous trend to position 0.701 Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
NZD/USD - UPDATENEW ZEALAND DOLLAR - CHICAGO MERCANTILE EXCHANGE FUTURES ONLY POSITIONS AS OF 2020-08-25 Non-Commercial Commercial Total Non-Reportable Long Short Spreads Long Short Long Short Long Short 19,756 15,568 850 11,590 16,866 32,196 33,284 4,482 3,394 Changes (Change In Open Interest: -1,883 ) -757 -1,183 +96 -1,116 -923 -1,777 -2,010 -106 +127 Hello Traders, if you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think!
by AidiDuhanxhiu
Reversal on the Kiwi NZDUSDThe daily candle on the Kiwi formed a Hammer right on top of previous support. Therefore I believe there is a high probability for more upside. If price breaks below last Fridays low, then this will invalidate the setup. Possible exits will be at 0.66000 (round number / psych level) or at the next resistance at 0.66767. First target is at 1,5 R and second at 2,5 R. Entry at the 50% retrace level of the last candle could improve the R. Good luck trading! Dave www.davetromp.net
Long
by dave25981155