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Newzealanddollar

NZDCAD: Potential Short Trade Explained 🇳🇿🇨🇦 Hey traders, NZDCAD is trading within a wide trading range on 4H. 0.805 - 0.806 is its resistance and 0.7945 - 0.796 is its support. Testing the resistance of the range, the price formed a double top pattern. If the price breaks its horizontal neckline 0.8 - 0.81, I would consider shorting the pair expecting a bearish move to the support of the range. If the price violates the resistance of the range, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
NZDUSD Time to turn bullish again.The NZDUSD pair hit our target of the last analysis we published following the +5.20% pattern: That High was in fact formed and rejected on the 1D MA50 (blue trend-line), which has been unbroken since April 14. Technically, the price still trades within the long-term Bearish Megaphone pattern, so highs are best viewed as sell opportunities. Naturally however, a medium-term relief rally is most likely ahead of us as the 1D MA50 is as close to the price as the previous Lower Lows of August 20 2021 and January 28 2022. As long as the Lower Lows trend-line (bottom) of the Megaphone holds, buy and aim again for a +50.20% rise (0.64400) with an extension of +7.65% (0.65800). The latter can make a perfect contact with the 1D MA200 (orange trend-line), which is intact since April 07. On the other hand, if the price closes below the Megaphone, take the loss on the buy (small SL, low risk/ high return) and open a sell targeting the 1.5 Fibonacci extension a little over 0.5800. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
💵New Zealand Dollar/U.S.Dollar💵(Short term/Timeframe 8H)!New Zealand Dollar made a Bullish Engulfing Pattern ( Candlestick Pattern ) near the Heavy Support Zone , and I expect that it will go UP at least to the Important Resistance Line . Also, we can see Regular Divergence ( RD+ ) between the Price and MACD indicator. 🔅 New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ) Timeframe 8H ⏰ 🟢 Heavy Support Zone 🟢: 0.614$ until 0.59$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
NZDUSD: Key Levels to Watch 🇳🇿🇺🇸 Hey traders, Here is my latest structure analysis for NZDUSD pair on a weekly time frame. Support 1: 0.614 - 0.6205 area Support 2: Falling trend line linking lower lows Support 3: 0.591 - 0.593 area Support 4: 0.547 - 0.55 area Resistance 1: 0.654 - 0.658 area Resistance 2: Falling trend line linking lower highs Consider these key levels for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
EURNZD: 2 Potential Scenarios Explained 🇪🇺🇳🇿 EURNZD is stuck between a strong horizontal resistance and a rising trend line on a daily. Depending on the reaction of the price to these structures, I see 2 potential scenarios: If the price breaks and closes above 1.683 - 1.687 resistance, I will expect a bullish continuation to 1.708. If the price breaks and closes below a trend line, I will expect a bearish move to 1.656 level. From a current perspective, it feels like the probabilities are on bulls' side. However, let's be patient. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4