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Nzdusddaily

NZDUSD approaching major resistance, prepare to sell Sell below 0.7480. Stop loss at 0.7510. Take profit at 0.7394. Reason for the trading strategy (technically): Price is fast approaching major resistance at 0.7480 (highest point for past 2 years) and we expect to see a drop from that level to at least 0.7394 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing nice resistance below 94% and we expect to see a corresponding drop from this level.
Short
by MEX_Exchange
NZDUSD profit target reached, prepare to sellSell below 0.7367. Stop loss at 0.7391. Take profit at 0.7300. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to sell below major resistance at 0.7367 (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop from this level towards at least 0.7300 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is dropping nicely from our 90% resistance and we expect a further drop from here.
Short
by MEX_Exchange
NZDUSD expecting one last push upBuy above 0.7326. Stop loss at 0.7296. Take profit at 0.7398. Reason for the trading strategy (technically): Price has formed a new Elliott structure leading us to believe that we should be seeing one last push up before a drop. The goal is to buy above 0.7326 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7398 resistance (Fibonacci extension, Elliott wave theory). RSI (55) is seeing support above 50% where we expect it to hold price up as long as it remains above this level.
Long
by MEX_Exchange
NZDUSD profit target reached, prepare to sellSell below 0.7345. Stop loss at 0.7372. Take profit at 0.7289. Reason for the trading strategy (technically): Price has risen and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 0.7345 (Fibonacci extension, bearish price action, horizontal swing high resistance) for a drop to at least 0.7289 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 95% where we expect a corresponding drop from along with price.
Short
by MEX_Exchange
NZDUSD: Sells Off, Resumes Downside PressureNZDUSD: The pair continues to face downside pressure selling on Tuesday and leaving risk lower in the days ahead. Support lies at the 0.7200 level. Further down, the 0.7150 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting more weakness. Conversely, resistance resides at the 0.7250 level where a break will aim at the 0.7300 level. A break of here will have to occur to create scope for a run at the 0.7350 level. Further out, resistance stands at the 0.7400 level. All in all, NZDUSD faces further downside pressure.
Short
by FXTechstrategy
Short NZDUSD Longterm Based on Daily, Weekly + Monthly ChartsNZDUSD failed to reach the expected levels of 0.74 and bounced of a major resistance level. We have the opportunity to short from here with the possibility of a 300 pip trade for the longer term. 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.
Short
by AEFX786
4
NZDUSD Long(Buy) opportunity, RR 1:1.4, RR 1:1.6Reasons to enter: 1. We can see that the price is ranging currently in the area of 0.681 ~ 0.785 (yellow box drawn), and it's about to break the box and go bull. 2. Currently, the buying power is still strong as no lower lows are formed at the daily timeframe(TF). 3. There's a daily resistance (green horizontal line) at the price 0.73210, and have been retested about 5x times, and hence, the resistance is weaker, and the price would be aiming for the next resistance area, which is the light blue horizontal box (0.8089), or the weekly resistance (blue horizontal line) at the price 0.7737. Entry point: @CMP 0.72920, or at 0.74820 (buy stop). BUY at EP1 : 0.7292 TP 1: 0.7722 (425 pips) SL 1: 0.6990 (300 pips) BUY stop at EP 2: 0.7482 TP 2: 0.8089 (600 pips) SL 2: 0.7098 (384pips) Do be careful and trade with small lot sizes as the SL is huge =D.
Long
by aaronlu97
NZDUSD testing major resistance, prepare for a dropSell below 0.7344. Stop loss at 0.7356. Take profit at 0.7301. Reason for the trading strategy (technically): Price is wow testing major resistance at 0.7344 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from here towards at least 0.7301 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance at 95% and we expect a strong reaction below that level. Correlation analysis: AUDUSD and NZDUSD are both strongly positively correlated as seen in the histogram. Both are expecting drops for today too and it is always better when they are moving in tandem.
Short
by MEX_Exchange
NZD/USD Short AnalysisHello everyone, Seildev here for another brief Analysis on NZD/USD: - Respected daily resistance from 7th/Nov/2016 - Weekly resistance at 0.7300 since 20th/June/2016 - 0.7300 Psychological number - Nice doji candle forming at daily For aggresive approach - Area of interest to short around 0.7265 For conservative approach - Area of interest to short after daily close below 0.718 Will be monitoring tonight to see where the daily candle closes. Once 0.7328 is broken, all ideas above are invalid and will look for upward trend Safe trading everyone.
Short
by seildev
NZDUSD Long NZDUSD could resume its uptrend once the current consolidation period ends. NZDUSD has been climbing since mid-May. However, that rally has run out of steam and for the past few sessions the pair has traded sideways. That’s despite news last week of lower-than-expected GDP growth of 0.5% quarter/quarter in Q1. The data imply that GDP growth this year could be nearer 3.0% than 3.5%. However, core inflation in New Zealand remains subdued and headline inflation is only just above the midpoint of the RBNZ’s 1%-3% target range.
Long
by ForexTof
NZDUSD prepare to sell on break of key supportSell below 0.7051. Stop loss at 0.7093. Take profit at 0.7051. Reason for the trading strategy (technically): We prepare to sell when price breaks a major support level at 0.7051 (Fibonacci retracement, Elliott wave theory, horizontal pullback support, bearish divergence) and expect price to make a strong push down to 0.6987 support (Fibonacci retracement, horizontal overlap support). RSI (34) has made a bearish exit as a pre-signal that we’re seeing a strong drop soon, and the bearish divergence vs price adds to our conviction of seeing an impending drop.
Short
by MEX_Exchange
NZD/USD : Order block reached ?I've been watching for some time now this pair. Although the US Dollar got pounded hard today, NZD hasn't gained much ground on it while other pairs did. This looks to me that the NZD doesn't have strong fundamentals to push it higher. We have multiple wicks here @ 0.6935 which lines up perfectly with our FIB retracement. The rectangle I drew is a order block of some kind. I am shorting this pair as I think it will continue it's path of the downtrend channel. Update : I forgot to add this : we have lower lows and lower highs on the daily timeframe. Be safe!
Short
by ScottMescudiForex