NZDUSD | The best place to buy🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this analysis, we examined wave a in the weekly time frame.
In wave a, waves 1, 2, 3, and maybe wave 4 are complete.
Currently the price is in a very sensitive area (at the intersection of 2 channel lines).
If the roof of the green channel is broken, we are inside microwave c of wave 4, and also wave 4 has reached its end and wave 5 is being formed.
If the price can not completely break the ceiling of the green channel, in this case we expect the price to fall to the bottom of the green channel.
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Nzdusddaily
NZD/USD: FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized.
US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes.
The forecast for the NZD/USD turned bullish after price action completed its sell-off and started to recover.
Can bulls rally the NZD/USD and pressure this currency pair into its next horizontal resistance area ?
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NZDUSD | The best spots to buy 🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
Based on our team's research, we concluded that c-wave has completed its 1, 2, 3, and 4 microwaves in larger timeframes (although Wave 1 is not normal and has complicated wave counting).
As you can see in the chart, we are inside wave 5 of the main wave c.
In wave 5, microwaves 1 and 2 are complete, wave 3 can be completed at this point, but according to the price targets that we specified using Fibo for wave 3, the price has the potential for further decline.
If the price reacts to the specified point, we expect waves 4 and 5 to form in the specified areas.
If the price crosses the end of wave 1, this analysis is fielded, and also the ascent to form wave b in higher timeframes is confirmed.
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NZDUSD | The best place to buy🎯Hello traders, Symbol NZDUSD . Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine the wave a that we specified in the weekly timeframe analysis.
In wave a, waves 1, 2 and 3 are complete and now we are inside wave 4, in wave 4, waves a and b are formed as 3 waves and we conclude that wave 4 will be flat and wave c is being formed.
In this analysis, we consider the c wave in the form of a triangle, but this triangle is confirmed when the price moves towards the floor of the triangle after hitting the ceiling of the triangle, and from there it starts its upward movement, which we marked with a red circle.
If the price breaks the ceiling of the triangle from this point, the price will move to the ceiling of the orange channel, in which case wave 5 starts and wave c will be an impulse.
If Fibo 0.618 is broken, this analysis will lose some of its validity.
If the black dashed line is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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NZDUSD | The best place to buy🎯Hello traders, Symbol NZDUSD . Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine the wave a that we specified in the weekly timeframe analysis.
In wave a, waves 1, 2 and 3 are complete and now we are inside wave 4, in wave 4, waves a and b are formed as 3 waves and we conclude that wave 4 will be flat and wave c is being formed.
In this analysis, we consider the c wave in the form of a triangle, but this triangle is confirmed when the price moves towards the floor of the triangle after hitting the ceiling of the triangle, and from there it starts its upward movement, which we marked with a red circle.
If the price breaks the ceiling of the triangle from this point, the price will move to the ceiling of the orange channel, in which case wave 5 starts and wave c will be an impulse.
If Fibo 0.618 is broken, this analysis will lose some of its validity.
If the black dashed line is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
NZD/USD buy trade ideaNZD/USD has formed a strong bullish candlestick at the support level on the daily chart.
If the support holds, NZD/USD may continue the uptrend till at least 0.7110 level.
So, watch out for dips and buy if any such opportunity arises. Initial target can be
set at 0.7110 and if 0.71 breaks, 0.73 will be on the cards.
NZD/USD may go to the upside if the descending trendline breaksNZD/USD has dropped to the support level near 0.71 area.
This area has supported the price multiple times in the past
and even yesterday, NZD/USD rebounded after falling to the 0.71 level.
But, the rebound seems weak this time around. The reason behind this could
be the FOMC meeting event that is preventing investors from placing any major
bets prior to the event.
So, if the price drops near the 0.71 level, I would consider buying
NZDUSD@0.7100-0.7120 with SL below 0.7067 and initial TP at 0.72
NZD/USD sell opportunity after RBNZ induced spikeNZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.
However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.
So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe , we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe, we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis