NZDUSD will ready to shortNU gonna create Inverse Head & Shoulder pattern in daily timeframe; On the other hand technically NU also create hidden bearish divergence. So i anticipated NU short from 0.643xx range.
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Mahfuz Azim
Nzdusddaily
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast.
Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 75 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much.
- Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly.
- Anyway, NZDUSD can sell further until it reaches 0.5974 LEVEL..
After that, it can go up to 0.6550 LEVEL.
NZDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD - Imbalances to fill ✅Hello traders!
‼️ This is my analysis on NZDUSD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalances below and then to continue bullish price action.
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20 REASON FOR LONG NZDUSD 1: Structure analysis time frame: 4 HOURS
2: Profit target time frame: DAILY
3: Trade type: SWING
4: Entry Time Frame: H4
4.1 Entry TF Structure: BULLISH
4.2 entry move: CORRECTIVE
5: Support resistance base: H4 FAIR VALUE GAP
6: FIB: DISCOUNTED AREA
7: candle Pattern: DOJI REVERSAL
8: Chart Pattern: FLAG
9: Volume : SUPPORTIVE
10: Momentum UNCONVENTIONAL Rsi: SIDEWAYS TO BULL
11: Volatility measure Bollinger bands: MIDDLE BAND SUPPORT
12: strength ADX: BULL
13: Sentiment ROC: RETRACEMENT
14: final comments: BUY AT 15 MIN COMFIRMATION
15: decision: BUY
16: Entry: 0.5775
17: Stop losel: 0.5745
18: Take profit: 0.6090
19: Risk to reward Ratio: 1:10
20:Excepted Duration: 7 DAYS
NZDUSD - New expansion expected ✅Hello traders!
‼️ This is my analysis on NZDUSD.
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance and then to reject from trendline.
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NZDUSD - New expansion expected ✅Hello traders!
‼️ This is my analysis on NZDUSD .
Here we are still in a bearish market structure, so I am looking only for shorts. I expect bearish price action from here, as price filled perfectly the imbalance and mitigated bearish orderblock.
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NZDUSD - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on NZDUSD.
Here we are still bearish, so I am looking only for shorts. I expect price to make a retracement to fill the imbalance and then to reject from bearish orderblock.
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NZD/USD :: Corrective movements on the middle line .NZD/USD :::
Purple channel :
In the time frame of 1 hour, the price has been moving above the channel for some time and from now on it is expected that the price will move on the middle line or below it (bottom of the channel) .
_ After the complete failure of the channel, the price will continue its downward trend .
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS - NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and some strength in the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES also fell down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD. AUD, NZD, CAD, CURRENCIES SELL in these few days due to MARKET RISK OFF again in this week.
- Thus, COMMODITIES are selling quite fast. It also affects the NZD very strongly.
- Anyway, NZDUSD can sell further until it reaches 0.5929 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BUY until the NZDUSD 0.6253 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and some strength in the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES also fell down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD. But yesterday, AUD, NZD, CAD, CURRENCIES were in DEMAND due to MARKET RISK ON again.
- Thus, COMMODITIES are becoming somewhat BUY. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until the 0.6266 LEVEL. And after that, if the MARKETS RISK OFF, you can definitely SELL until the NZDUSD 0.5999 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS - NZDUSD is currently DOWN very fast. This is because of the VIX UP and the strength of the dollar.
- Thus COMMODITIES are DOWN. It also has a very strong impact on the NZD. The CURRENCY STRENGTH WEAK CURRENCY is the New Zealand Dollar.
- NZDUSD can move further up to 0.6185 LEVEL. Also, if the MARKETS RISK is ON after that, you can definitely BREAK the TREND LINE above NZDUSD and BUY up to 0.6571 LEVEL.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently down a bit. The main reason for this is the DOWN of occasional COMMODITIES and the strength of the USD. Also, MARKETS RISK OFF is one of the reasons why we are NZD DOWN. The POSITIVE SENTIMENT for USD has not diminished yet. The POSITIVE SENTIMENT that comes to USD from time to time shows that NZDUSD DOWN is different. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6254 LEVEL. The DXY is currently slightly up to 104.775. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Priced above NZDUSD DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a GREEN MIXED BIAS. Also VOLATILITY has been getting somewhat DOWN since last evening. Also COMMODITIES shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP.
- NZDUSD PRICE can be UP to 143.335 LEVEL before DOWN. Then you can DOWN to LEVEL 135.116. Buying NZDUSD is a bit risky if VIX is UP. So get more opportunity to sell NZDUSD with MARKET UPDATES.