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Nzdusddaily

NZD/USD - Bullish OpportunityNZD/USD has broken above the 200 EMA on the 4H chart and is finding support on top of it for the first time since the month of April. This is a good sign of the beginning of a long term reversal. As long as that support holds, we can expect NZD/USD to continue upwards and eventually hit our TP. Then do a pullback and hit either the 50 EMA or the 200 EMA to continue further up. Give it some more time to confirm it's support and strength to move up then enter. Trade safe.
Long
by MoolahMaker
NZDUSD Weekly Forex Forecast 24th September To 28th SeptemberMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.6720 would begin in Midterm. We will close our open trades, if the Midterm level 0.6720 is broken. Technical analysis: There is a divergence in RSI and price between the trough at 0.6544 on 2018-08-15 and the trough at 0.65005 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 0.6500 on 09/11/2018, so more gains maximum to Major Resistance (0.6720) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 59.
by EIP-EverythingIsPlanned
LONG NZDUSD to 0.71200 and higher targetLooking to take a long on NZDUSD and hold it for possibly longer than a week given the time of year and the distance it has to travel. Entry: 0.70105 SL: 0.69792 TP: 0.71395 I will look to take something off of my position with 20 pips in profit and let the rest of the position run. Stop-loss will be moved the breakeven once 50 pips in profit. There is a chance that I missed the trade, if that is the case, then I will find another entry point since the profit objective is fare enough away. I will add updates as the trade progresses.
Long
by WaterTree
NZDUSD - Daily UpdateRecent price action: Bullish Pattern: Rising wedge Long-term momentum: Ranging Short-term momentum: Bearish Bias: Short Action: Already entered a short position for this pair; however, I would like to see a break and hold of short-term trend support on the daily chart. Do not add any more positions until price confirms movement to the downside. Comments: Major slow down in price. SImilar to what is happening with DXY. Most U.S. pairs are reaching weekly S/R. Hopefully, the dollar can push through and majors will follow.
Short
by tradingwithyg
NZDUSD testing major channel resistance,potential strong drop!NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDUSD Profit Target Reached Perfectly, Prepare For A DropNZDUSD has once again reached our profit target perfectly. We now prepare for a drop. Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855. Reason for the trading strategy (technically): Price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards major support at 0.6855 (Fibonacci extension, horizontal swing low support). Stochastic (89,5,3) is seeing major resistance below 90% where a corresponding reaction could occur.
Short
by theforexarmy
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