Nzdusdforecast
NZDUSD facing very strong resistanceNzd was one of the biggest beneficiaries of USD weakness and NzdUsd made a new local high in this context.
Now the pair is facing a very strong resistance zone that extends to 0.7 psychological figure and I believe a drop will follow
I'm bearish this pair and I believe Kiwi will fall to 0.65 in the medium term
NZDUSD - SELLING AT DAILY SUPPLYNzdusd approaching a strong daily supply level. Selling at this supply down to a weekly demand as target.
Start selling for Nzd / Usd, this is a swing analysis, adjust itStart selling for Nzd / Usd, this is a swing analysis, adjust it to your trading system.
I see the possibility that the current price has finished forming wave B, the price is going for the formation of wave C.
If we pull out the Fibo extension, it looks like the price is at the fibo level 0.382.
Usually, wave C is at least the same as wave A, guided by this theory, we can determine the TP in the blue SnD area.
SL 0.67300
TP 0.63800
NZDUSD TO RESUME A MASSIVE SELL The elliott wave analysis on the chart points at the resumption of the bearish impulse wave.
So we expect price to get to 0.6400 region
NZD/USD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/USD: Daytrade-Execution
Sell-Limit: 0,66935
Stop-Loss: 0,67280
Target 1: 0,66590
Target 2: 0,66300
Target 3: 0,66010
Stop-Loss: 35 pips
Risk: 0,5% -1%
Risk-Reward: 2,70
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Peace and good trades
Irasor
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NzdUsd- A new rise to 0.68 resistance?NzdUsd found strong support above 0.65 important figure and the rise from there is constructive.
Now the pair is trading above 0.6650 short-term resistance and we can have a new challenge of 0.68.
Buy as long as the price is above 0.6650 is my preferred scenario
NzdUsd outlookYesterday NzdUsd reached my sell zone between 0.6630 and 0.6650, the point where sellers aggressively took control.
The day finished with a nice Pin Bar from this zone and also in-line with the medium-term trend.
My first target for this pair is 0.65 zone and in my opinion corrective rallies above 0.66 should be sold
NZDUSD - Outlook 17 October 2020 - Continuation videoHi all traders,
I have previously made a video analysis on nzdusd.
We got the move that i have informed and now im looking for the continuation part of it.
Take note of the levels and how to trade it.
Hope it helps all of you in your trading.
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NZDUSD ANALYSIS An opportunity appears to short NZDUSD
All eyes on the wave 3 of this pair which should be ideally longest of the impulse wave
NZDUSD Ready to resume the new SELL TREND Nzdusd set to resume wave 3 to the down side after a simple zig zag correction (wave 2).
Target asn invalidation level is as shown on the chart.
Goodluck
NzdUsd outlookYesterday, NzdUsd dropped hard from under 0.67 resistance. The pair stopped in ascending trend line support, but, considering that DXY is bullish I expect this support to be broken.
This correction could be a good opportunity for sellers and 0.65 zone could be the target.
NZD/USD Technical Analysis
The counter has formed a double top pattern in the short-term.
Further, it has broken down with a strong bearish candle.
The formation interpreted a solid distribution around 0.667 levels.
Hence, we expect the pair to slide down from here.
NZDUSD FORECAST UPDATEPrice is probably going to have a double top pattern in the uncompleted leg CD,
i decided to close the trade with profit and look for another opportunity in this pair.
NZDUSD FORECAST * POTENTIAL BEARISH BAT/BUTTERFLY?? *
Price made a correction in lower time frame and breaks the trend line, i will still be in a long position in the completion of leg CD
NZDUSD SWING TRADE 08-Oct-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
NZDUSD-Technical/Fundamental analysis
NZDUSD has firmly broken the trend line which is holding the bullish trend since September 25 The broke and retest was happened on October 06 which triggered the further selling of NZD dollar.
And the weak monetary policy by the RBNZ is the main cause for the accelerated selling of NZD dollar.
Yesterday the Reserve bank of new Zealand members reiterated that they will cut the policy rate to below zero level which is a clear sign for the bearish trend in NZDUSD in coming days.
The risk off mode in the market will help the USD to gain some pips against its counterparts such as euro , pound , kiwi dollar , Aussie dollar and Lonnie.
The price of NZDUSD is currently trading between the .382 and .50 Fibonacci retracement level. It was traded in a narrow range from October-01 to October-06 and then seen a sudden drop towards 0.65500.
And currently its retraced back towards .50 Fibonacci. Before this drop a minor consolidation phase was formed with the double top.
And the price is reached the major resistance level in price action the previous consolidation phase will act as support for the bear.
The swing target will be around 0.65110 and stop lose may placed above the .6615 which is a .382 Fibonacci level
SWING TRADE - NZDUSD
Sell @ 0.65865
Take profit @ 0.65165
Stop lose @ 0.66115
70 Pips target
Don't risk more than 1% of your capital
NzdUsd- carving a H&S?The price action for NzdUsd in the past months looks like a H&S into forming (not confirmed yet)
After the double top (which forms now the head) the pair dropped to 0.65 zone where now is the neck line.
With a great possibility for Usd to be strong in the next period, Kiwi is vulnerable and a break under the neckline would provide us confirmation for the change of trend.
Till then sell rallies around 0.66 could be a good strategy with aN attractive R:R
