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Nzdusdforecast

NzdUsd- Correction is most likely overIn my previous NzdUsd analysis, I said that I'm bullish and I expect the price to rise to 0.73 resistance and at this moment my opinion is reinforced. After a short dip under support, the pair has reversed on Friday, and yesterday we have a strong bullish day that concludes a "Morning Star" candlesticks formation on out daily chart. NzdUsd looks prepared for more gains in the coming days and my target remains 0.73. Interim resistance is 0.7215 last high and only NzdUsd back under 0.71 would change this bullish perspective. Traders should look to buy dips on this pair
Long
by Mihai_Iacob
6
NZDUSD | Perspective for the new week | Follow-up detailsWe experienced close to 100pips move in our direction following my last speculation on this pair (see link below for reference purposes) and a Breakdown of Demand structure (a level that held price "supported" throughout last month) early in the month of November 2021 insinuates that the Kiwi might witness a risk of further decline in the coming week(s). From a fundamental perspective; a stronger than expected U.S. jobs report might bring the Fed closer to a rate hike which could put further pressure on the NZD/USD in the coming week(s), Let's see! Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Double Top look-a-like) Observation: i. After breaking out of Double Bottom Neckline on the 14th of October 2021 (see daily chart ), the Kiwi recorded a 3.42% growth over the Dollar to set the tone for a Bullish momentum in the long term. ii. However, after testing a temporary peak @ $0.72190, the price took a gradual nose dive, leading to a significant Breakdown of Key level during last week trading session. iii. As expected, I stated in my last speculation on this pair (see link below) that we should be getting ready for a possible correction phase of the Impulse leg which might retest the Neckline of the Double Bottom that instigated the previous rally (see daily chart) to confirm a trend continuation setup. iv. The appearance of a highly bearish technical reversal pattern on the chart which looks like a Double Top at $0.72190 & $0.72180 followed by a couple of Breakdowns of $0.71300 in the last week could be a sign that emphasizes the selling pressure accumulating under the Key level. iv. In this regard, I shall be looking out for selling opportunities below Key level with an opportunity to add to my existing position should price Breakdown/retest of $0.70850... Trade consciously!😊 NB: It is very possible that the early hours/days of the new week might see a price climb into the Supply zone cited within $0.71850/0.71550 to incite further decline. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailsMy last speculation on this pair earned us over 200pips before the Bullish momentum began (see link below for reference purposes); Despite a long term Bullish perspective, I am beginning to see a short term opportunity to do a temporary sell on the Kiwi in the coming week as the Bears gear to step into the game. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Double Top) Observation: i. After breaking out of Double Bottom Neckline on the 14th of October 2021 (see daily chart), the Kiwi recorded a 3.42% growth over the Dollar to set the tone for a Bullish momentum in the long term. ii. As it is now, it appears we are about to witness a correction phase into the Double Bottom Neckline (see daily chart) to incite a bullish trend continuation. iii. Double Top: An extremely bearish technical reversal pattern forming after price tested a peak two consecutive times with a moderate decline between the two highs ($0.72100/0.71900) is an emphatic signal that awaits confirmation in the mode of a fall below the support level which is also equal to the low between the two prior highs (Neckline @ $0.71500). iv. At this juncture, the Breakdown/Retest of the identified Neckline shall welcome an opportunity to open a position in the coming week. v. In the midst of a potential Breakout/Retest of Neckline, there is a possibility that the price might do a climb to test the identified "New Supply level" within $0.71800/0.71500 in the early hours/days of the new week to incite further decline in price... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
#NZDUSD SELL OPPORTUNITYIn 4H time frame we have clear bearish move, which followed by bullish corrective move. price retraced to 50% area of Fibonacci ratio in corrective manner, price failing to create HH which base on Dow theory is the first signal for trend weakness. for trading this pair at 6th of October if price manage to come lower than 0.69490 and remain below the EMA 144 in 15 minute time frame could signal for short position first target is 0.69130 and 2nd target would be 0.68950. will update this pair again for u guys.
Short
by mohemati
2
NZDUSD Bearish short Bullish longHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The NZD/USD pair closed the first day of the week virtually unchanged and continues to move sideways during the first half of the day on Tuesday. Today the price was able to reach the resistance zone between 0.7132 - 0.7159 but wasn't able to hold above it or breakout which shows how the Bears still have power in them to keep the price sideways move for the time being. Possible Scenarios for the market : Scenario 1 : The price is trending near the resistance zone 0.7132 - 0.7159 if the Bulls were able to gather some force then we will see a breakout happen to that zone which will lead to more buyers going in which will push the price up to the main target at the resistance line at 0.72130. Scenario 2 : Today started Bullish but mid-day it turned Bearish, The bears are trying to drive the price back and if there were able to take control over the market then we will see the price drop to the support line at 0.70870 where the battle for control will start again, and looking at technical analysis shows that the outcome will probably be for the Bulls which will push the price back up to the resistance line at 0.7132 Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.58 showing Great strength in the market. No divergences were found between the indicator and the market. 3) The MACD is above the 0 line which indicates that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line. Daily Support and Resistance : support Resistance 1) 0.7104 1) 0.7132 2) 0.7087 2) 0.7141 3) 0.7077 3) 0.7159 Weekly Support and Resistance : support Resistance 1) 0.7069 1) 0.7163 2) 0.7025 2) 0.7213 3) 0.6976 3) 0.7256 Fundamental point of view : The dollar was down on Tuesday morning in Asia, as investors await U.S. inflation data that could provide a clue to the U.S. Federal Reserve’s timetable for asset tapering. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.597, after retreating from a two-week high of 92.887 hit earlier on Monday. Later in the session, the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for August. Previewing the inflation report, "August's Core CPI figure is critical for the and for markets. According to FXstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
NZDUSD ShortMy view of NZDUSD . Potential short opportunity. After a smaller pullback from the current price (0.71071), I would enter at around 0.71249 . We should see immediate moves to the downside. BUT! New Zeland’s GDP q/q report release may cause some bullish movement , as the economy is expected to grow 16.4% per annum in the second quarter. If it does not break the downtrend structure , we should see moves to the downside. Target expected to be hit in 25 days based on the previous movement it has made (this is only a speculation). PARAMETERS - Entry: 0.71249 - SL: 0.71962 - TP 1: 0.68125 - TP 2: 0.67137 KEY NOTES - Apr-Sep LH (lower highs) and (lower lows) on D1. We are in a downtrend . - New Zeland’s GDP q/q report release on 16th of September 2021 . - Short confirmed if GDP q/q report release does not break the downtrend structure. Enjoy the rest of your weekend and happy trading.
Short
by BANDZTRADES
3