NzdUsd- medium term outlookFriday was a "selling"day for NzdUsd with the pair dropping hard and "negating" 8 days of trading.
Now the pair is sitting on confluence support given by the trend line and horizontal support and a break here would expose 0.64 important support.
As in our short term analysis, rallies should be sold and from a swing trade perspective we can have a GREAT R:R of 1:3
Nzdusddaily
Short $NZDUSD against .6750Hello Sophisticated Trader,
The rally in the $NZDUSD has stalled .6750 with over 300 pips profit and is due for a pullback, as the virus has been taking over, this is also consistent with the potential of a double top. Only a close above the .6750 would negate this trade.
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Dr. Lydia Smith
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NZDUSD the turtle 🤦🏾♂️🤦🏾♂️⬇️⬇️Hope everyone is having a great week
After much bullish movement in stocks this pair
We notice some bearish correction on the Daily
And 4hr
Using only 1.5% risk on this one with a
Stop loss of .66666 😈 😂
Aiming for .65850
Then stop at entry
Then hold rest for ??????
Happy Trading!
Friday look out for the #Euro!
The Trading Regime.
NZD/USD WEEKLY FORECASTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
NZD/USD: Bulls fail to break the 0.66 key level againNZD/USD bulls have failed to break the 0.66 level once again. However, the bears couldn't take advantage of this. All though the chances of a drop towards 0.64 is increasing, waiting for a clear break of the 0.6550 level is important for the sellers.
How NZD/USD will move this week depends a lot on the state of the global equities. So, keep an eye on the global stock markets. If the stocks start bleeding this week, there's a high chance that NZD/USD may drop.
NZD/USD: A decline towards 0.64 is back in the pictureNZD/USD Bulls have failed to break the 0.6580 Resistance level and price has pulled back strongly from that level. If the bulls are unable to take that resistance out, the path of least resistance will be to the downside towards 0.64.
Eventually, I expect NZD/USD to slide back towards the 0.60 level as geopolitical risks and worsening global economic conditions will weigh on the NZ Dollar.
Selling the rallies remains the best approach to trade this pair
NZD/USD Price Outlook: Sell from Resistance LevelWeak USD has led to a rally in NZD/USD and it has reached the resistance level. However, I expect the price to drop very soon. I will be putting sell in NZD/USD between 0.6510 to 0.66 area with Stop losses above the weekly resistance at 0.67.
I am looking at the 0.63 area as the first target for the sells.
NZDUSD Sell Set-up: Bears just need a little PushNZD/USD appears to be in a trend reversal phase but bears don't have enough momentum so far. That being said, I can definitely see the bulls stepping away slowly. Bears just need a little momentum to break the 0.64 area clearly and then we can expect a bearish move to 0.6270.
I have described a sell set-up in the chart. Please take a look!
Long $NZDUSD against.6380Hello Sophisticated Trader,
Similarly to the $AUDUSD, the $NZDUSD has been holding support since .6388. The pair has been holding strong support of the trend line. This coming week towards the month-end, we could expect a rally potentially towards .6700. Only a close below .6388 would negate the pair bullish momentum toward the top.
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Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know to be a profitable trader.