NZDUSD showing upside with the new Cup and Handle Cup and Handle potential is forming on the NZDUSD
The price action hasn't been great as there have been little price movements and not a strong trend.
This is definitely a Medium Probability type trade as nor the buyers nor the sellers know which direction NZD is heading.
Price<200 - Bearish
7=21 = changing
RSI>50
Higher low
Target 0.7695
Nzdusdanalysis
NZD/USD 4H chart analysis, time for a pullback?As expected, NZD/USD fell strongly from the 0.6380 resistance level in the 4Hour chart. Since then, price
is down 2%. At present, it seems NZD/USD is consolidating in the dynamic support level in the 4H chart.
If we can see multiple bullish candles in the 0.6250 level, it would indicate that a pullback is about to happen.
However, I do no recommend buying right away.
Sellers can wait for a pullback to 0.6350 before selling again.
NZDUSD BUYWelcome . The New Zealand dollar pair is in a positive position. The pair is trying to form a head and shoulders pattern. It is a very strong model. This is just a proactive view of the market. and long term business.Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As I expected in my previous analysis, price made the retracement and filled the imbalance, now I expect a rejection from bearish order block + institutional big figure 0.63000, as we are in a premium zone.
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NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective after the price changed the character, so I am looking for shorts from premium zone. If price fills the imbalances higher and reject from bearish order block I will consider to open a short position.
Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA and on Wednesday will be released Unemployment Rate on NZD. Pay attention to these news, as they are important for the upcoming month and USD bias.
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Emerging bullish order flowThe market has been consolidating and creating more corrective move compared to impulsive moves which led us to a demand zone that was in alignment with three bullish drives. The combination hiked price up to the initial internal liquidity level after breaking the structure. On lower timeframes we spot a nice contraction which provides a distribution phase, a drop is expected from here, should price break below the fair value gap, then we look for bullish entries on the breaker block and we target 0.62261 because this looks like a bullish order flow under construction…
NZDUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: We can see here that price changed the character and started to form lower highs and lower lows, so I am looking for shorts. For now I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.63000.
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Imbalance correctionPrice abruptly shot to the upside and mitigated the internal supply zone after the accumulation phase, then made a pullback to the zone. The pullback formed this contraction to load a volatile bullish move to reach the breaker block above. Price respected the zone in a distribution manner which reduced price all the way down to the 50% Fibonacci retracement within the order block. With this area being mitigated, the market is more likely to correct the imbalance by filling the fair value gap and persistently going bullish to the order block. If we don’t catch this current move, then we wait for the anticipated pullback to level 0.62127 with the 0.062868 target…
NZDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.