NZD-USD
NZDUSD Long 290pips! First TP over 100pipsHere we have a beautiful FX:NZDUSD setup which is at the bottom of the channel and in a structure zone. This has also broken our confirmation trendline which shows we are preparing to move in the Long direction.
First TP 110 pips
Second TP 290 pips
SL 20 pips below trendline & structure
Overall Risk:Reward of 1:14.4 which is superb!
NZD/USD: FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized.
US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes.
The forecast for the NZD/USD turned bullish after price action completed its sell-off and started to recover.
Can bulls rally the NZD/USD and pressure this currency pair into its next horizontal resistance area ?
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NZD/USD LONG possibilityHello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the NZD/USD where we had a nice impuls and corrective move.
Structure tested supply zone and created a reversed H&S .
Bullish pressure pushes the market up and after the retest of the right shoulder we should see NZD/USD take its flight to the moon.
We also have seen the counter-trendline break wich indicates we are bullish .
Last but not least we see the market create H&S and a rejection of the retest.
This means we are satisfied and ready to take the trade.
Have a good week!
NZDUSD ready for a new recent low 🦐NZDUSD on the daily chart is consolidating above the weekly support.
The market after a few tests of it is now pushing for a break.
According to Plancton's strategy if the price will break below and the rules of the Academy will be satisfied we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
nzdusdNZDUSD | A complete New Zealand Dollar currency overview by MarketWatch. View the currency market news and exchange rates to see currency strength.
52 Week Range: 0.6488 - 0.7465
1 Year: 5.46%
YTD: -3.73%
Open: $0.6918
NZDUSD IDEAThis is my view on NZDUSD for the upcoming weeks. it is possible for it to continue selling off however my thoughts are that it will reverse and continue higher for the continuation of this month.
NZDUSD 4H analysisThis is my simple idea for NZDUSD 4H time frame
I hope it is useful :)
Note 1 : It may take one or 2 weeks
Note 2 : DON'T FORGOT, STOPLOSS IS YOUR FRIEND :)
Best regards :)
NZDUSD facing bearish pressure | 30th July 2021NZDUSD reversing from sell entry, in line with 100% Fibonacci resistance, and is likely to fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Stochastic approaching hidden resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD facing bearish pressure! | 30th July 2021NZDUSD has reversed from 1st resistance of 0.70193, in line with 100% Fibonacci extension. Prices are expected to fall to 1st support of 0.68809, in line with 127,2% Fibonacci retracement and 127.2% Fibonacci extension. Prices may rally towards 2nd resistance of 0.70940, in line with 161.8% Fibonacci retracement. Indicator supports a bearish view.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD looking up 🦐NZDUSD after the test of the weekly support started a move to the upside.
The market has now reached the upper trendline of the minor descending channel around a daily support.
According to Plancton's strategy if the market will provide an inversion and the rules will be satisfied we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDUSD approaching bearish reversal | 29th July 2021NZDUSD is approaching sell entry, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Indicator supporting bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZD USD long 29 -July - 2021
NZD/ USD
Long oportunity for today
If you take a look at Weekly time frame, you will se that this pair hit a stong support level.
On the same time frame we will observe that 100 MA is under candlesticks and that is indicate an uptrend, bullish trend.
I will be a buyer if the next 15 Mins candle will close over highlighted support zone.
I will use following entry point and TP; SL
Entry @ 0.69879
SL @ 0.69654, around 200 pips.
TP @ 0.70717 @ around 800 pips.
Please be free to use personal money management.
For any details or questions, please DM !
NZD/USD:UPDATE DOWNTREND|PRICE ACTION|FIBO ANALISYS|SHORT 🔔Update previous Idea in NZD/USD...close to take profits....
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
NZDUSD facing bearish pressure | 28th July 2021NZDUSD is approaching from sell entry, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 78.6% Fibonacci retracement. Indicators are showing bearish pressure.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD | SHORTING THIS TRADE MAKES SENSE Hey Traders,
So this trade looks like a good selling opportunity, especially if it closes as a bearish engulfing for confirmation towards the downside.
Monthly, weekly and daily moving averages well above the candlesticks showing further bearish pressure.
It recently had a pullback from the daily moving average or 4h 200 so it seems to have had a push exhaustion push scenario going back down.
It also broke out our recent up-trend
NZDUSD facing bearish pressure | 27th July 2021NZDUSD holding below descending trendline resistance. With stochastic approaching hidden resistance at 92.95 , a short term reversal from our 1st resistance of 0.70066 towards graphical swing low and 1st support at 0.68809 could be possible.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZD/USD:DOWNTREND|PRICE ACTION+FIBO ANALISYS|SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
NZDUSD Pattern completionNZDUSD showing some textbook price action providing us with a potential opportunity to go short. A double top M pattern completing the retest of the neckline, lining up with key fib levels. We can now see momentum starting to shift with the current formation of candlesticks (shorter bodies + longer wicks). If we are to see this area hold as resistance and break below, on a retest we will be looking to enter short and for price to continue the downside move. Note that we will only be entering on retests as it will provide us with the confirmations we need and superior R/R. Targets set at 1.272 extension of the previous swing. A break above our key area will invalidate this set up.
If you have any questions please comment. - Nick
NZDUSD - SHORT POSITION (8HR)CONFLUENCE:
- Downtrend
- rejection of 51 EMA
- Reversal candlestick patterns (spinning tops)
- Rejection of 71% Fib level
