Nzdusddaily
NZDUSD, Bears Probably Get A Chance...!As salam alaikum
T.A Review:
Strong Doji on Monthly TF.
0.73 Seems to be holding.
Another Bearish Channel can be
seen.
All indicating Downward momentum.
I am expecting a bearish till 0.68-0.7
atleast.
F.A Review:
COVID-19 and Dollar strength might bring
Kiwi down. NFP might cause manipulations
as well and will surely decide the direction as well.
Is NzdUsd carving the right shoulder?In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed.
Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72.
At this point 0.7240 is resistance and a new leg down could follow.
Also, a drop under 0.7150 would confirm a H&S pattern and the target for sellers can be 0.7 important support
NzdUsd- Top in place?The last days of 2020 and the beginning of 2021 found NzdUsd in a strong bullish mood, with the pair gaining almost 5% in a very short time.
This new leg up looks exhausted and prices above 0.73 attract sellers like a magnet.
I believe a correction is just around the corner and, in my opinion, rallies towards 0.73 should be sold.
My target for such a trade is 0.7150 and even in a new high scenario I don't see much room to the upside for Kiwi
NzdUsd- 0.71 is very strong resistanceI'm sure of a lot of you, and I included, was wondering when NzdUsd bull run will end...
And now it can be it.
After the first touch of 0.71 and a drop, Kiwi had a new attempt yesterday to rise above and reversed violently putting in a strong long-tailed reversal candle on our daily chart.
At this moment rallies should be well capped at 0.71 and possible corrections of yesterday's drop could be a good opportunity for bears.
A drop under 0.7 should accelerate losses and 0.68 could be a good place to book profits
NZDUSD Short and Long Timeframe Analysis.hello.
NZDUSD can push down for Short-Timeframe.
NZDUSD can push up for Long-Timeframe.
in RSI we can see a resistance so I expect my analysis will show up.(in short timeframe will push down to the support zone )
if break the White trend 100% it will be a strong bear trend .(but there is only a small chance to break)
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NZD/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
NZD/USD: Daytrade-Preparation
Market-Sell: 0,70545
Stop-Loss: 0,70725
Point-Of-Risk-Reduction: 0,70420
Take-Profit: 0,70255
Stop-Loss: 18 pips
Risk: 0,5% - 1%
Risk-Reward: 1,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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