LONG NZDUSD Target at 0.71096 Looking to see if we can get another opportunity to enter in at 0.70670. I am expecting price to trade up into 0.71096.
The stop loss is placed at 0.70383
This will be a decent retracement from the current downtrend. It will be interesting to see what happened once we get above those relatively 3 equal highs.
Nzdusdbuy
FOLLOW ME: NZD/USD Long - Inverted Head & ShouldersNZD/USD has recently completed an inverted head and shoulders formation.
It has bounced off the current downtrend line and come back to kiss the neckline of the inverted H&S.
Looks like a prime opportunity for a long!
What is your view of NZD/USD? Tell me in the comments below!
NZDUSD has reached our resistance target,potential upcoming dropNZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD continues to test major support, remain bullishBuy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436.
Reason for the trading strategy (technically):
Price continues to test our buying area and ascending channel support. We think that it might be doing a fake breakout now because RSI has not broken below 51% yet. We remain bullish above major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support, bullish price action) for price to continue its push up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension).
RSI (55) sees a long term ascending support line since November 2017 hold up our bullish momentum really well. We’re starting to see a possible break of this long term support line but our major support remains at 51% and only a clean break of that level would be a precursor that a drop is coming.
NZDUSD continues to bounce up really nicely, remain bullishBuy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436.
Reason for the trading strategy (technically):
Price tested our buying area and ascending channel support and had bounced up really nicely as expected. We remain bullish above major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support, bullish price action) for price to continue its push up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension).
RSI (55) sees a long term ascending support line since November 2017 hold up our bullish momentum really well. We’re starting to see a possible break of this long term support line but our major support remains at 51% and only a clean break of that level would be a precursor that a drop is coming.
NZDUSD starting to drop, now testing major supportSell below 0.7188. Stop loss at 0.7280. Take profit at 0.7041.
Reason for the trading strategy (technically):
Price is starting to drop nicely below our major resistance at 0.7188 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect price to push down to at least 0.7041 support (Fibonacci retracement, horizontal pullback support). However, we are also in a bullish ascending channel and are testing the main channel support. Only a break of this channel would confirm further downside move.
RSI (34) is testing major ascending support and is starting to break below it. Only a clear break of our ascending support would trigger a strong bearish drop on price.
NZDUSD At ResistanceOn the daily time frame NZDUSD has reached a nice resistance. The indicators also have seemed to reach their top and are running out of steam reversing back down for a next bearish wave.
How ever its all still fresh.
If youre an early bird you could sell NZDUSD now with a 70 pip stop loss and target 0.7025
If you prefer less risk then wait for the next daily candle. If its green it will break the resistance and you can enter a buy, but if it turns red then its a confirmation of a bearish reversal and you join the sell.
NZDUSD : VIRGOHi traders,
I had this analysis done yesterday and now sharing it!
DXY TOPPED AGAIN
NZDUSD CAN'T CLOSE UNDER ORDER BLOCK
HIGHER LOWS
DIVERGENCE STARTING
NZDUSD LONG:
ENTRY : 0.68603
SL : 0.67733
TP : 0.7296
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
NZDUSD : ALL MY FRIENDSHi traders,
Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me.
WEEKLY CHART = LONGER TERM TRADE
NZDUSD LONG:
ENTRY : 0.68332
SL : 0.67462
TP : 0.72689
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
NZDUSD : BEST OF MEHi traders
I am on mobile right now so it's hard to do this. I'll update the analysis later down below. I just wanted to share this opportunity with you all.
Here is a chart I drew earlier.
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
NZDUSD Possble Bullish ReversalNZDUSD is showin a possible bullish reversal on most time frames. This reversal can lead this pair back to 0,7000 and higher. So nice pips can be made. A break of the support at 0.6824 will trigger further sell of. So in case the bullish reversal is rejected you can sell if this support breaks, stay versatile dont just focused on one direction but for now a buy is the most likely.
Buy around 0,6858
TP1 0.6990 TP2:
SL: 0.6810