NZDUSD : FINALLY THE BULLS ARE BACK!Hi traders!
A weekly chart! We need to see the bigger picture here. I finally see NZD pushing through these bearish time to get back up to a new zone in of interest. You can always catch similaties between this and the AUD. The AU has been able to push on last friday and I can easily NZD trying to do the same this week.
NU hasn't been able to close either daily or weekly at where we are now which is very bullish!
I will long from here with a SL under the last bearish wick we had last week.
Trade safe!
Nzdusdbuy
NZD/USD LONG - COPY & PROFIT! Hello,
Our trades have been looking good this week, for this NZDUSD pair we are looking for price to continue to the upside, with the 4HR trend previously broken and continuing bullish.
We are looking at an opportunity at the 1HR pullback and trend break for us to enter a trade
www.blueprintforex.com
NZDUSD testing major resistance, prepare for a dropSell below 0.7344. Stop loss at 0.7356. Take profit at 0.7301.
Reason for the trading strategy (technically):
Price is wow testing major resistance at 0.7344 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from here towards at least 0.7301 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance at 95% and we expect a strong reaction below that level.
Correlation analysis: AUDUSD and NZDUSD are both strongly positively correlated as seen in the histogram. Both are expecting drops for today too and it is always better when they are moving in tandem.
The fight of the New Zealand DollarI apologize for the delay of the post as I have just arrived home and I can only enter trades at my mobile and can't publish anything at tradingview via phone.
From the previous weeks long ago, we've seen the continuing strong decline of the New Zealand Dollar against several of its Forex pairs... and that changes today.
This Forex pair has been on a bull attack for several days now, and it is still fighting back ahead of the FED. Now, as I've been stating for the previous trade analysis, I always am attracted to fakey pin bar set-ups... and this is one of them! Just for a quick trade, I have entered two trades at 2017.06.13 00:59 and 2017.06.13 03:04 one at 50% and one at top of the pin bar. I cannot guarantee that you can still enter at the 50% of the pin bar, but maybe you can still enter at the top.
Quick trades like this, with a strong signal, requires good entry and big lot!
NZD under pressure once again (monthly)The neckline to the double top pattern at 0.74 has once again come out on the winning side, the confluence of the daily up sloping channel and a descending one. The formation of a daily shooting star adds proximity to a hurdle.
With the weekly RSI closing in on resistance, upside is likely to remain capped.
In the short term a correction towards 0.7060 of the recent rebound is likely
so glad we did this!!Morning guys,
Weekend is almost over and I will be enjoying the last few hours before the markets opens and another action packed week begins.
Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come.
have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new year.
Likes and comments always appreciated!
NZDUSD Bearish signal confirmation on weeklyMorning Traders,
The recent upward spike was quickly and decisively reversed, once again providing strong evidence of N.U's inability to maintain rallies above .730
Targets 0.66650/0.6700
Best of luck and congratulations to our premium members who have made the most of recent fx volatility.
Thanks and thumbs up if you found this helpful!