Price came back to retest that key level so I suggest a sell in NZDUSD, although remember to always confirm a trade before jumping in, and use risk management too. Like and comment if you agree with this trade.
If NZD/USD breaks below the reversal zone, we are looking at a massive short down. Stops above previous highs.
We are at the end of “Wave B“ as per Elliott Wave Principle, we are expecting the price to start to move downward with the " Wave C". Stop Loss: 0.6305 Entry Point: 0.6245 Target Profit: 0.5990 Do not hesitate any question for clarification. Good Luck!
NZD/USD SHORT OPPORTUNITY (4 HOURS):
NZD/USD SHORT OPPORTUNITY (HOURLY):
Price has continued it’s downward trend and is currently retracing. Look for any opportunities to short when it touches trendline and precious resistance between 0.588 and and 0.59 area. Price may retest the 50ma and make an impulsive move downwards. Trade wisely & hustle folks. Patience is 🔑
NZD/USD SHORT OPPORTUNITY (MONTHLY):
Open sell position on angle mirror at NZDUSD - 0.6741 SL - 0.6775 TP - 0.6665 RRR - 1:2
Sell NZDUSD at 0.6807 SL at 0.6836 TP at 0.6720 RRR is 3.05 Good SL so you can use normal order volume. Such order at AUDUSD
Sell NZDUSD USDollar is on a temporary downtrend the second the government re-opens I expect the Dollar to come out of it's rut. They are not going to risk anyone losing food, or credit the US Government makes way too much money for that. New Zealand is powered by Milk prices, and produce which is still a limited market. Still a very good short entry as I see...
Here we are on kiwi dollar daily chart and as we can see this market is in existing down trend and trend line also broken in the direction of this trend. we would wait for the pull back towards near by resistance area which is nearly at 0.6677-0.6719. We have good confluence factors here such as trend, price level and dynamic resistance layer. we will see how...
Fundamentals:- We have retail sales out from NZD tonight at 11:45pm so the markets will just be open in time. Depending on the figure will depend on where we enter this trade it might be that the market even opens lower than it closed in anticipation of the data. Expecting the USD to continue strengthening into the week next week certainly against the weaker...
lets sell after this test into the resistence zone. maybe we gonna profit.
Hello Traders, Price has already moved a lot. Now I'm waiting for a big correction, If the price keeps respecting the upper trendline I will sell for short term. Good Luck! Cheers, Jonas
Hello Traders, This pair is testing our patience, one more move up is possible but for longer term I'm looking to sell it. We still have nice divergence on macd, I will add more sell every time price reach the top. You can trade for short term up but it is risky. Good Luck! Cheers, Jonas
sell @0.74340
NZD$ Technical analysis - Remain bearish below 0.70 - 0.69tp1 0.68tp2 on a rate cut (Aug 10th): Key level close: 1. On the daily and weekly we closed at the strongest pivot point of recent times at 0.70 - this is very bearish as historically this is the strongest level (lower than post brexit). MA: 1. We trade below the 4wk and 3m MA - this is a bearish...
The RBNZ was dovish in their economic assesment and IMO used it to communicate their 100% commitment to a OCR cut. Key drivers of this view were quotes such as "futher policy easing will be required, and monetary policy will remain accomodative.", "NZD currency strength makes it difficult to hit target inflation" and "NZD exachange rate is too high stronger NZD...