NZDUSD Full Detailed Analysis + Possible Trade Very Soonthe current trend is a down trendline and the price is moving in nice decent waves. if we do a back test you would see that the price will soon hit a strong area of resistance. we should be ready with a sell trade around this area that happens to be the 61% fib level.
Sellnzdusd
NZDUSD: Another Chance 2 Shot for the Bears!Hey there, folks! Missed us? Ready for some market action? ;-)
After a two-week rally that kicked off in mid-December, followed by a corrective phase in the closing days of the past year, it's no surprise that the market has resumed its downward trajectory. Right now, our strategy unmistakably points to a downward impetus. That said, the prevailing trend remains upward.
Since the release of American statistics on January 5th caused a volatility surge, the market has locked horns, giving rise to a consolidation pattern in the form of a triangle.
Bulls have taken a breather (and our trading strategy clearly reflects this sentiment), gradually easing the oversold. This provides the bears with the perfect opportunity to amass strength and regain their control.
Our trading strategy indicates that the minimum target for the decline has been achieved. However, the duration of the downward slide is currently below average. This means the bears haven't exhausted their potential just yet. The juicy piece of the new wave of decline is the closest low in the upward trend, clocking in at 0.60841, dated December 13th, 2023. Let's not forget, we've got an unfilled gap hanging around at 0.61271, ready to be filled.
Keep your eyes peeled for signals of resurfacing bearishness, and that will be a drop of the NZD/USD pair to 0.6209 and below during the January 10th trading session. Though, if the low of January 8th at 0.62123 crumbles, that would be a great opportunity to jump into action.
We're gearing up to open a short position. Come the January 10th trading session, we'll place a sell-stop order at the level of 0.62122.
Stay vibrant, trade smart, and stay tuned for updates! 😊
NZD/ USD ! 19/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ NZDUSD INFORMATION:
The trade balance of New Zealand experienced a decrease of $1.234B, which was contrary to the forecast of -$1.2B. This decline was a result of a slump in the trading of goods, with both imports and exports showing a decrease. As a result, it will be challenging for Kiwi buyers to find any incentives to bid during the upcoming week. However, the focus of most market participants will be on the US Dollar (USD) as the week comes to an end, with the anticipation of one final round of US inflation data.
⭐️ Personal comments NOVA:
Strong resistance zone, high trading volume, cannot be broken temporarily. Set up SELL signal
⭐️ SET UP NZDUSD PRICE:
🔥SELL zone: 0.62300 - 0.62450 SL 0.62900
TP1: 0.62000
TP2: 0.61700
TP3: 0.61400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Sell NZDUSD SW 240523 1.45 AM📌📌Signal Sell NZDUSD📌📌
Link :
📍📍Open order 0.6253
Sell lim 1 0.63
Sell lim 2 0.635
Sell lim 3 0.639
Sell lim 4 0.645
Sell lim 5 0.65
Sell lim 6 0.654
Sell lim 7 0.66
Tp 0.6
Sl 0.6675
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.15 lot
Buy/Sell lim 1 0.20 lot
Buy/Sell lim 2 0.25 lot
Buy/Sell lim 3 0.30 lot
Buy/Sell lim 4 0.35 lot
Buy/Sell lim 5 0.40 lot
Buy/Sell lim 6 0.45 lot
Buy/Sell lim 7 0.5 lot
Example
(3,000$)
Open order 0.04 lot
Buy/Sell lim 1 0.05 lot
Buy/Sell lim 2 0.06 lot
Buy/Sell lim 3 0.07 lot
Buy/Sell lim 4 0.08 lot
Buy/Sell lim 5 0.09 lot
Buy/Sell lim 6 0.10 lot
Buy/Sell lim 7 0.12 lot
Example
(2,000$)
Open order 0.03 lot
Buy/Sell lim 1 0.04 lot
Buy/Sell lim 2 0.05 lot
Buy/Sell lim 3 0.06 lot
Buy/Sell lim 4 0.07 lot
Buy/Sell lim 5 0.08 lot
Buy/Sell lim 6 0.09 lot
Buy/Sell lim 7 0.11 lot
Example
(1,500$)
Open order 0.02 lot
Buy/Sell lim 1 0.03 lot
Buy/Sell lim 2 0.04 lot
Buy/Sell lim 3 0.05 lot
Buy/Sell lim 4 0.06 lot
Buy/Sell lim 5 0.07 lot
Buy/Sell lim 6 0.08 lot
Buy/Sell lim 7 0.10 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
NZDUSD Sell (Short) opportunity for bearsListen guys, this is a perfect opportunity to collect 200 pips.
The NZDUSD in a long term down trend. But it need to close below the short term upward trending channel. Yes, you can start selling below the channel but for safer entry would be below the 50 MA.
Therefore wait till the candle close below the red line (50 MA) to enter. Then follow the chart for TP1. But this setup will not be valid in a case where the candles failed to close below the horizontal support.
Good luck.
NOTE: This is not a financial advice.
NZDUSD ShortHey traders, as long as the stock market is bearish we are seeing some potential shorts for NZDUSD along with AUDUSD, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.64 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.