USDNZD short position***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Usdnzd
NZDUSD Volume Spread Analysis / Strong SellThe currency pair NZDUSD shows 70 pips down movement yesterday.
Now we see correction of the down movement around 38,2 Fibo,
where there are Volume border.
I consider these alerts as a strong sales sign1
NZDUSD same as before?I just like this pair. For me, he is better than EURUSD if you know what I mean:)
Tomorrow is FED, and I don't have some special feeling what they can do or what they need or might do and because of that, there will be one more BUY in my case. R/R this time will be 3:7, and position size according to this will be a bit bigger than usual.
NZDUSD weekly Long. 1st target 450 pipsFollow the chart.
Load up zone
.63250 down to .63
Stops below .62700
This is a swing trade with very good R:R
1st target .675
2nd target .69250
reached at strong resistance levelUSDJPY reached at strong weekly resistance level. possibly will start short. wait for 123 confirmation.
USD Strength vs NZD WeaknessGood morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short.
USD Pairs:
EURUSD -0.08%
GBPUSD -0.16%
AUDUSD -0.20%
NZDUSD -0.35%
USDCHF +0.01%
USDJPY +0.02%
USDCAD +0.17%
NZD Pairs:
NZDUSD -0.36%
NZDCHF -0.35%
NZDCAD -0.19%
NZDJPY -0.33%
AUDNZD +0.15%
GBPNZD +0.20%
EURNZD +0.28%
Monitor the trade closely around support at 0.64795. Otherwise our target is around 0.64563 for a 2:1 Risk-Reward.
NZDUSD bullish wedge at potential breakout support, Part 3Part 1 one of this analysis we caught the exact low of the bounce past week. Because the bounce was quite strong, we can expect to see at least an ABC move. Meaning, A was the bounce up, B was the drop past days and we should be able to see a C move up.
Friday we had a small bounce up as well, increasing the odds that we might have set the low for wave B and could be at the start of C now. This means we should not break the low anymore. Also bounced up from that neckline of the double bottom from a week ago. For the attentive followers, you should by now have noticed, that these neckline tend to be some very important support levels (blue circle). Showed a few with crypto as well past week. Write these things down. It's no exact science, but you need to find patterns that play out more often than that they fail. That's all we need to do with TA.
Anyway, with all these theories above, now i am going to try and find a nice entry. Seeing a small bull flag form here is a realistic play, so i am going to wait for that and if i see a nice flag form, i will get in again to catch a wave up. I don't have a target yet, but i am going to play it safe, meaning unloading on the way up. Will try to keep you up to date on this.
Previous analysis:
NZDUSD bullish wedge at potential breakout support, Part 2We caught the low of that dump past 2 weeks and have been in the V shape rally since. Target of the wedge was reached, where i suggested to take some profit or use a partial tight stop, thinking the green line might happen. Well it did but it was a wick down and up again. Now we have reached a bigger resistance zone. Not to give away the great profit, i would use at least for half a stop if that blue zone breaks. We could see something like the blue line on the left happen. To prevent from giving away the profits if that blue line fails, think it's best to take some profits and wait for this bull flag to play out and re enter again.
The 0.673ish won't be an easy one to reach, but the start is there for sure with the V shape.
Previous analysis:
NZDUSD bullish wedge at potential breakout supportRetesting breakout level from half year ago, sometimes a big support level, in combo with this wedge, it gives potential. A false breakout is an option as well, a quick dump. If that happens, it will be safer to see it get back in/above the wedge again. It should stay above that green level, otherwise likely that something else is going on.
Previous analysis:
USDNZD If it breaks expecting rise to just below .6800Downward trend will be broken soon. There is great support for a bounce here. First post, constructive criticism please.
NZDUSD long term bull or bear? Bullish Wedge in the makingLooks like an identical bullish wedge in the making here, just going to wait for another wave down before entering.
On the left, there is a potential double top formation, but it's not likely to happen. Unless the green support breaks, than chances increase. I think the long/mid term is bullish.
Previous analysis:
WOULD NZDZD CRASH 400 pips?HELLo,
WOULD NZDCAD CRASH 400 PIPS IN SHORT PERIOD OF TIME? YES. THIS IS VERY POSSIBLE.
NZDUSD bullish wedge tradeUnfortunately i had the trade ready almost, just when bitcoin started to drop and pump so i missed the perfect entry at the low. Now i will make another attempt and try to see if this small wedge on the left plays and try to get in around the orange circle.
Now again while writing a broke up. I am posting this one, but i will wait with the entry, want to see how this play out first and try to get a better entry.
NZDCAD SELL @0.9220Hello traders,
BOC will increase interest rate, DEC job report will be better due to more jobs because the holidays, also sales will be better, oil prices is getting higher soon. We expect Trend is going down from 0.9220 NOW to 0.88 In a month.
Trade safe, if it goes up high to 0.93 Then give it another sell from there, it will come back.
Manage your lot size safely, market will not end, but your account will if you get greedy.
Hope best for all.
Please leave your comments.
