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Nzdusdbreakout

NZD/USD may go to the upside if the descending trendline breaksNZD/USD has dropped to the support level near 0.71 area. This area has supported the price multiple times in the past and even yesterday, NZD/USD rebounded after falling to the 0.71 level. But, the rebound seems weak this time around. The reason behind this could be the FOMC meeting event that is preventing investors from placing any major bets prior to the event. So, if the price drops near the 0.71 level, I would consider buying NZDUSD@0.7100-0.7120 with SL below 0.7067 and initial TP at 0.72
Long
by MarcellusLUX
5
NZDUSD back in support zone, possibility of a pullbackHello traders, in my previous NZD/USD idea, I advised selling NZDUSD@0.7301-0.7320. If you followed that idea, you have certainly made close to 180+ pips profit. (previous idea attached below for your reference) Currently, NZD/USD is back in a support zone and although I am not so bullish on this pair, I still think there is moderate chance for a pullback to the 0.72 level. So, if there is some bullish price action in the support zone, buying NZDUSD@0.7115-0.7125 with SL below 0.7090 and TP at 0.7210 would be a possible short-term buy signal.
Long
by MarcellusLUX
9
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart. In the weekly timeframe , we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle. so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective. #nzdusd #nzdusdtoday #nzdusdanalysis
Short
by UnknownUnicorn9076755
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart. In the weekly timeframe, we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle. so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective. #nzdusd #nzdusdtoday #nzdusdanalysis
Short
by UnknownUnicorn9076755
NZDUSD: 2 views, both bearishHi Traders, This is my view on #NZDUSD for the next few days. 2 possible ways, both bearish but the first one on the touch of 0.78 Supply Area, the second one (the one I prefer) on the breakout and retesting of the Signal of Weakness on 0.70, which is close to the daily bullish trend line. Thanks to my dear friend Richard Wyckoff ;-) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
NzdUsd to break up from rectangleIn my previous analysis on NzdUsd I said that I expect the pair to continue its range between 0.7250 and 0.7100. It seems this is not the case and USD is way too weak these days. On Friday Kiwi reversed losses from 0.7180 and managed to close the day above 0.72 At the time of writing NzdUsd is 0.7240, just under the upmentioned resistance and I expect a break to the upside. Such a break can lead to a new local high above 0.73 and 0.7350 could be the short term target for bulls
Long
by Mihai_Iacob
9