Nzdusddaily
NZDUSD Symetrical Triangle Formation SHORTThe formation of this triangle in the 1D is evident, so I think the price will test the identified support zone and should come down. Let's see how this reacts to the zone and eventually open a short position. This is my analysis. We only open position with bearish confirmation.
0225-NZDUSD AnalysisNZDUSD
New Zealand had nice economic signal by recent data released, in addition, it prohibit stronger than other risk-appetite currency.
In other side, NZD got triple bottom on daily chart, so it may have solid structure to rise forward.
Once NZDUSD breakout 0.6883 and keep above it, the uptrend pattern will be confirm.
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NZDUSD short setupHi traders,
this is my setup for NZDUSD for the next week.
I will open 3 positions with 3 different targets at the fibonacci retracements.
The price is overall in a uptrend at the daily timeframe, so we will take some Pips with the correction.
Have a creat trading week.
Stefan Forex
NZD/USD - Good SupportATM we are nearing the Support level of 0,67550. If that Support level holds we could see a raise to the first Resistance level of 0,68150. We could see a small pullback before raising further to the second target of 0,68425.
Entry: 0,67550
TP1: 0,68150
TP2: 0,68425
SL: 0,67495
NZD/USD - Important Resistance level!At the moment we are at a crucial Resistance level for NZDUSD. If it manage to break the level we could see a raise to around 0,69200. If the Resistance won't be broken we could see a drop to around 0,68500.
Goodluck trading and follow me for more of my analysis!