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Nzdusddaily

NZDUSD right on our buying area, remain bullish for a bounceBuy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409. Reason for the trading strategy (technically): Price has dropped as expected to our buying area. We look to buy above strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above 3.9% where we expect a bounce from.
Long
by MEX_Exchange
NZDUSD look to buy on dips for a further push upBuy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409. Reason for the trading strategy (technically): Price is approaching strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above 3.9% where we expect a bounce from.
Long
by MEX_Exchange
Short NZDUSD Longterm Based on H&S Pattern - 340PipsWe've got a completed H&S pattern on the daily timeframe, perfectly in line with a major resistance at 0.73370 - we short for a potential 340 pips profit. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis. Credits for the H&S pattern find in this idea go to Dan Benzo :)
Short
by AEFX786
NZDUSD profit target reached perfectly, prepare to sellSell below 0.7342. Stop loss at 0.7376. Take profit at 0.7251. Reason for the trading strategy (technically): Price has bounced up from our buying area and reached our profit target perfectly. We prepare to sell below major resistance at 0.7342 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.7251 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 95% where we expect a reaction from to push price down.
Short
by MEX_Exchange
NZDUSD testing major support, prepare for a bounceBuy above 0.7258. Stop loss at 0.7237. Take profit at 0.7311. Reason for the trading strategy (technically): Price is now testing major support at 0.7258 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a strong bounce above this level to push price up to 0.7311 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 13% where we expect a bounce from that corresponds to the one we’re expecting on NZDUSD.
Long
by MEX_Exchange
1
NZDUSD profit target reached perfectly, prepare to sellSell below 0.7319. Stop loss at 0.7344. Take profit at 0.7224. Reason for the trading strategy (technically): Price touched our entry level and shot up absolutely perfectly to our profit target. We prepare to sell below major resistance at 0.7319 (Fibonacci retracement, horizontal resistance, Fibonacci extension) for a push down to 0.7224 support (Fibonacci extension, fibonacci retracement, horizontal swing low support) once again. Stochastic (34,3,1) is seeing major resistance below 91% where we expect a reaction from.
Short
by MEX_Exchange
NZDUSD bouncing up nicely, remain bullish for a further push upBuy above 0.7335. Stop loss at 0.7201. Take profit at 0.7291. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and has started to retrace. We prepare to buy once again on major support at 0.7225 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up once again to 0.7291 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 2% where we expect a similar bounce from.
Long
by MEX_Exchange
2
NZDUSD approaching major support, prepare to buyBuy above 0.7238. Stop loss at 0.7201. Take profit at 0.7335. Reason for the trading strategy (technically): Price is approaching major support at 0.7238 (multiple Fibonacci retracement, horizontal pullback support, Fibonacci extension) where we expect a strong bounce from to push price all the way up to 0.7335 resistance (Fibonacci extension, horizontal swing high resistance) once again. Stochastic (34,3,1) is seeing strong support above 3.64% and we expect a bounce above that level once it reaches there.
Long
by MEX_Exchange
NZDUSD prepare to sell on major resistanceSell below 0.7295. Stop loss at 0.7340. Take profit at 0.7203. Reason for the trading strategy (technically): We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing strong resistance at 95% and we expect a reaction from that level to push price down similarly.
Short
by MEX_Exchange
NZDUSD profit target reached absolutely perfectly, buySell below 0.7204. Stop loss at 0.7181. Take profit at 0.7264. Reason for the trading strategy (technically): Price dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 0.7204 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 0.7264 resistance (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement). Stochastic (34,5,3) is seeing strong support above 2.6% where we expect a bounce from.
Long
by MEX_Exchange
NZDUSD testing major resistance, prepare to sellSell below 0.7261. Stop loss at 0.7301. Take profit at 0.7208. Reason for the trading strategy (technically): Price is testing major resistance at 0.7261 (Multiple Fibonacci retracements, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.7208 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 92% and we expect a corresponding reaction off this level.
Short
by MEX_Exchange
NZDUSD right on major support, remain bullish for a bounceBuy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price has dropped right to our buying area once again. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.4% where we expect a bounce from soon.
Long
by MEX_Exchange
NZDUSD remain bullish above major supportBuy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 3.3% where we’re seeing a corresponding bounce from along with good upside potential.
Long
by MEX_Exchange
NZDUSD bouncing up nicely as expected, prepare to sellSell below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price has bounced up nicely as expected from our buying area. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.3% where we’re seeing a corresponding bounce from along with good upside potential.
Long
by MEX_Exchange
NZDUSD : CLEAR HEAD & SHOULDERS PATTERN FORMING?Hi traders! As I looked through my charts this morning, NZDUSD spoke to me. I'm seeing a head and shoulder pattern forming on the daily time frame! I'm torn though because I don't see the USD getting stronger but the NZD can make a case for itself to be a weak currency at the moment too. MACD is almost crossing and RSI bounced off the 50 line. The RR is pretty awesome if this trade fall through, as the initial TP would be hit and I could let the price go down some more and just trail it. NZDUSD SHORT : ENTRY : 0.73199 SL : 0.73921 TP : 0.71117 For me, the 70 pips risk looks like it's worth it. It's a risky-er trade than the one I usually post but the analysis is on point. Trade safe guys!
Short
by ScottMescudiForex
5
NZDUSD right on major support, remain bullish for a bounceBuy above 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price is now testing our major support buying area. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.3% where we expect a further bounce from.
Long
by MEX_Exchange
NZDUSD profit target reached perfectly, prepare to buy Buy above 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price has dropped absolutely perfectly and has reached our profit target. We prepare to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.3% where we expect a further bounce from.
Long
by MEX_Exchange
NZDUSD dropping towards our profit target, remain bearishSell below 0.7304. Stop loss at 0.7340. Take profit at 0.7223. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and is fast approaching our profit target. We remain bearish below 0.7304 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 0.7223 support (Fibonacci extension, horizontal swing low support). We also shift our stop loss to 0.7340 to protect our profits. RSI (34) sees a bearish change in momentum giving further conviction that we’ll be seeing a much bigger drop in price
Short
by MEX_Exchange
NZDUSD testing major resistance, remain bearishSell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7337 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is reversing nicely below our 96% resistance and we also see bearish divergence vs price signalling that a reversal is impending.
Short
by MEX_Exchange
NZDUSD testing major resistance, remain bearishSell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7337 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is reversing nicely below our 96% resistance and we also see bearish divergence vs price signalling that a reversal is impending.
Short
by MEX_Exchange