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Nzdusddaily

NZDUSD approaching channel support once again, potential bounceNZDUSD is approaching major support once again at 0.7239 (channel support, 50% Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level pushing price up to at least 0.7328 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 1.9% where further bullish action could be expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
NZDUSD back to resistance, possible strong reversal lining up!NZDUSD is back to testing our major resistance level at 0.7239 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence, bearish price action) and a strong reaction could occur at this level to push price down to at least 0.7031 support (50% Fibonacci retracement, horizontal pullback support. It is worth noting that AUDUSD which is positively correlated with NZDUSD is also similarly below major resistance. Stochastic (55,5,3) is seeing major resistance at 98% and has seen a recent bearish exit along with divergence signaling that an impending drop could be happening soon. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
NZDUSD continues to form a reversal signal, remain bearish Sell below 0.7188. Stop loss at 0.7280. Take profit at 0.7041. Reason for the trading strategy (technically): Price continues to hover around our selling area and is forming a nice reversal signal with a strong shooting star candlestick formation signalling selling pressure. We are still unable to break through our ascending channel which would be the major trigger for our bearish move. For now, we remain bearish below major resistance at 0.7188 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect price to push down to at least 0.7041 support (Fibonacci retracement, horizontal pullback support). Only a break of this channel would confirm further downside move. RSI (34) is testing major ascending support and is starting to break below it. Only a clear break of our ascending support would trigger a strong bearish drop on price.
Short
by MEX_Exchange
3
NZDUSD testing major resistance, remain bearishSell below 0.7188. Stop loss at 0.7280. Take profit at 0.7041. Reason for the trading strategy (technically): Price is testing major resistance at 0.7188 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur at this level to push price down to at least 0.7041 support (Fibonacci retracement, horizontal pullback support). However, we are also in a bullish ascending channel and only a break of this channel would confirm further downside move. Stochastic (34,5,3) is seeing major resistance at 94% and also displays bearish divergence vs price signalling that a reversal is impending.
Short
by MEX_Exchange
NZDUSD approaching major resistance, prepare to sellSell below 0.7188. Stop loss at 0.7280. Take profit at 0.7041. Reason for the trading strategy (technically): Price is testing major resistance at 0.7188 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur at this level to push price down to at least 0.7041 support (Fibonacci retracement, horizontal pullback support). However, we are also in a bullish ascending channel and only a break of this channel would confirm further downside move. Stochastic (34,5,3) is seeing major resistance at 94% and also displays bearish divergence vs price signalling that a reversal is impending.
Short
by MEX_Exchange
NZDUSD testing channel support, remain bullishBuy above 0.7041. Stop loss at 0.6946. Take profit at 0.7197. Reason for the trading strategy (technically): Price is testing channel support and it might make a fake bearish breakout because we see major support at 0.7041 (Fibonacci retracement, Fibonacci extension, horizontal pullback support). We remain bullish above this level for a push up to at least 0.7197 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple ascending support lines holding current price action up. Only a break of these liens would trigger a bearish move.
Long
by MEX_Exchange
4
NZDUSD in an ascending channel, look for dipsBuy above 0.7035. Stop loss at 0.6946. Take profit at 0.7196. Reason for the trading strategy (technically): Price is in an ascending channel and we look to buy on dips above 0.7035 support (Fibonacci retracement, horizontal pullback support, bullish channel) for a push up to at least 0.7197 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple ascending support lines holding our recent push up on price.
Long
by MEX_Exchange
5
NZDUSD testing resistance, time to go shortSell below 0.7055. Stop loss at 0.7181. Take profit at 0.6822. Reason for the trading strategy (technically): Price is now starting to test major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 0.6822 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance below 97% and we expect a strong drop from here.
Short
by MEX_Exchange
NZDUSD right below resistance, prepare to sell!Sell below 0.7055. Stop loss at 0.7181. Take profit at 0.6822. Reason for the trading strategy (technically): Price is starting to test major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 0.6822 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance below 97% and we expect a strong drop from here.
Short
by MEX_Exchange
2
NZDUSD has broken key support, remain bearishSell below 0.8055. Stop loss at 0.7181. Take profit at 0.6822. Reason for the trading strategy (technically): Price has broken a recent key support level that it has been testing since 13th December, triggering a strong bearish drop from here. We remain bearish looking to sell on strength below major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance, resistance area) towards 0.6822 support (Fibonacci retracement, horizontal swing low support. Stochastic (55,3,1) is seeing resistance at our 97% level and dropping nicely with good downside potential.
Short
by MEX_Exchange
3
NZDUSD dropping nicely, remain bearishSell below 0.7055. Stop loss at 0.7181. Take profit at 0.6822. Reason for the trading strategy (technically): Price has tested our major resistance area and is dropping nicely. We remain bearish looking to sell below major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance, resistance area) and we’re expecting a drop from this level towards 0.6822 support (Fibonacci retracement, horizontal swing low support. Stochastic (34,3,1) is seeing resistance at our 97% level and dropping nicely with good downside potential.
Short
by MEX_Exchange
6
NZDUSD : LOST ON YOUHi traders! This will probably be the only trade I'm going for before the FOMC Statement this week. As you can see, NU is in a bearish trend that stopped itself for a breather! The price is now ranging and making lower high and higher lows. Technically, I see and drew a wedge pattern on the last batch of candles. It looks to me that we can stay within this range until it breaks. If the Fed stay true to its word and hike the rates, it should boost further the USD making this pair going for newer 12-month lows! DXY also has been going up past few weeks now.. suggesting that a new bull trend may be in the works! Here's what I'm thinking : NZDUSD SHORT ENTRY : 0.69134 SL : 0.69727 TP : 0.66871 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Short
by ScottMescudiForex
NZDUSD right on major support, prepare to sell on the breakoutSell below 0.6885. Stop loss at 0.6921. Take profit at 0.6823. Reason for the trading strategy (technically): Price is now testing major support at 0.6885 (Multiple Fibonacci retracement, horizontal overlap support, ascending channel support) and we expect a break of this level to trigger a strong bearish drop towards 0.6823 support (Fibonacci retracement, horizontal swing low support). RSI (34) is starting to see multiple bearish exits as a precursor to a drop we’re expecting.
Short
by MEX_Exchange
3
NZDUSD profit target reached perfectly, prepare to buyBuy above 0.6820. Stop loss at 0.6785. Take profit at 0.6874. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.
Long
by MEX_Exchange
2
NZDUSD testing selling area, remain bearishSell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price continues to test our selling area. We remain bearish looking to sell on strength below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) still has good downside potential for our drop. Correlation analysis: AUDUSD is similarly expecting a strong drop.
Short
by MEX_Exchange
10
NZDUSD testing selling area, remain bearishSell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance below 89% where we expect a corresponding drop from.
Short
by MEX_Exchange
NZDUSD rose further and is now testing major resistance againSell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price has risen further and is now testing major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance below 89% where we expect a corresponding drop from.
Short
by MEX_Exchange
4
NZDUSD once again testing major resistance, remain bearishSell below 0.6853. Stop loss at 0.6887. Take profit at 0.6781. Reason for the trading strategy (technically): Price has risen and is now testing major resistance at 0.6853 (Multiple Fibonacci retracement, overlap resistance, multiple Fibonacci extensions) and we expect to see a strong reaction off this level to push price down to at least 0.6781 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance at 89% where we expect a corresponding reaction from.
Short
by MEX_Exchange
2