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.
Shortnzdusd
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
SHORT NZDUSDSELL NZDUSD TO 38.2 OF MY FIBONACCI LEVEL... HOWEVER WAVE IV(UPCOMING BEAR MOVE) CANNOT OVERLAP WITH WAVE I ... RISKING 47PIPS FOR 120PIPS...ALSO ONE GUIDELINE WE MUST TAKE NOTE IS SINCE WAVE II WAS A DEEPER RETRACEMENT, 23.8 FIB IS ALSO LIKELY TO HAPPEN SINCE CORRECTION II AND IV ALTERNATE
EURNZD Long AnalysisWeekly
Price found support and has been consolidating after a long downtrend.
The previous weekly candlestick was a large bullish candle, which showed there was a significant amount of bullish pressure.
Daily
Price appear to have found support and formed a double bottom, which is a bullish candlestick pattern.
After the formation of the double bottom, I am expecting price to make a retracement to test the neckline.
The neckline also corresponds with the 50.0-61.8 Fibonacci level
Here is where I will be looking to enter a long position.
Short NZDUSDPrice 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 🔑
BEARISH GARTLEY ON NZDUSDA bearish Gartley has formed on NZDUSD however am still expecting an extension of the D leg before shorting more. I will be looking for more bearish evidence on this level 0.7000 This is a potential metric point for the reversal to occur. Use proper money management. All the best friends
NZDUSD Sell IdeaHello 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