Get started

Nzdusdidea

NzdUsd- 0.71 is very strong resistanceI'm sure of a lot of you, and I included, was wondering when NzdUsd bull run will end... And now it can be it. After the first touch of 0.71 and a drop, Kiwi had a new attempt yesterday to rise above and reversed violently putting in a strong long-tailed reversal candle on our daily chart. At this moment rallies should be well capped at 0.71 and possible corrections of yesterday's drop could be a good opportunity for bears. A drop under 0.7 should accelerate losses and 0.68 could be a good place to book profits
Short
by Mihai_Iacob
4
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price has been bullish for past 3 months and it it made a false breakout while testing monthly resistance level. We can expect correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish impulse. W > Price has broken several key levels in its last bullish rise during past 5 weeks. It ended the week with a rejection pin bar. D > Market is in overbought state and ended the day with rejection candle. However after an impulsive bullish we would require break of a structural level for reversal confirmation. Currently price has not broken below daily demand zone and we will wait for price to break the level to confirm bearish reversal. As per COT NZD further added few Long but closed Short bringing Long to the highest for the year and net positions to highest for the year, ZXY has gained strength since all of November and closed last week with rejection after testing June 2018 level as resistance. We can expect correction to the downside for NZD. 4H > Price has tested last HL but has not broken the level to create a LL. Wait for price action break the level and upon its return to test the level as resistance we will get a nice opportunity to enter Short. Pair Correlation > NZDUSD has a positive correlation with NZDJPY, GBPUSD, NZDCHF, NZDCAD and AUDUSD and negative correlation with EURNZD and GBPNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.7062. The pair is trading at its 2 years high and hovering near its small resistance level. If the price breaks the resistance level at 0.7084, then it can continue its up trend towards its next resistance level. The entry price for long will be above 0.7084, 1st target price will be at 0.7156 and 2nd target price will be at 0.7200. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
6
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market has been bullish for past 3 months and price is now testing monthly resistance level. We can expect a correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish impulse. W > Price has broken several key levels on its last weekly bullish rise in past 4 weeks. Neck of W will coincide with weekly resistance now will turn as support. D > Market is in overbought state with bearish divergence continuing since last week. As per COT NZD further added both Long and Short bringing Long to the highest for the year, ZXY has gained strength all of November, it is now testing a major resistance level. We can expect some correction to the downside. 4H > Price is retracing however no sign of reversal can be seen currently. We will wait for price to create a LL and its retracement will provide a Short entry with nice risk to reward ratio. Pair Correlation > NZDUSD has a positive correlation with NZDJPY, NZDCHF, NZDCAD and GBPUSD and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market was moving in a downward channel . Price broke out of channel to test monthly resistance level . This level had previously pushed price to downside and we expect price to get pushed down again. W > Price moved out of channel creating HH and HL in a rising megaphone. In this move price has tested resistance trend-line of previous channel as support and moved further bullish to test monthly support. Subsequently price dropped to test supported created at trend-line before making a major bullish move. We can now see bearish divergence in W chart. We can also see a W formation and can set its neck at bearish target. D > Price has now reached monthly resistance level in its bullish move. We can see bearish divergence but have no reversal confirmation. As per COT NZD further added both Long and Short improving net positions to max for the year, ZXY has been gaining strength for past 3 weeks, it is now testing a major resistance level . We can expect some correction to the downside this week. 4H > We can see deceleration and will wait for creation of LL in 4H time frame for bearish confirmation. Pair Correlation > NZDUSD has a positive correlation with NZDJPY , NZDCHF , NZDCAD and GBPUSD and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZD/USD LOND IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. NZD/USD: Daytrade-Preparation Market-Buy: 0,68410 Stop-Loss: 0,68080 Target 1: 0,68680 Target 2: 0,68940 Target 3: 0,69150 Stop-Loss: 33 pips Risk: 0,5% -1% Risk-Reward: 2,36 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
1
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6891. The pair is trading at its 20 Months high and can touch its resistance zone soon. It can consolidate after entering its resistance zone and then start a new down trend. If price breaks 0.6900 level after rebounding from resistance zone then it can start a new down trend. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
NZDUSD Roadmapprice perfectly hit the profit target in my last analysis on NZDUSD (link attached below!), now I will wait for the price to breakout the rising wedge structure before planning to short sell for this pair. be patience traders! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
NZDUSD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
NZDUSD SHORTNZDUSD The price on the monthly and daily time frame is walking on a channel on its way down but just right now the price is making a movement on upside which I believe it will make a fake break out reaching the purple zone near 0.691 and then coming down again to touch the middle line of the channel near level 0.592. . . . El precio en las temporalidades mensuales como la diaria están caminando en un canal hacia la baja pero en este preciso momento el precio esta retesteando la linea mayor del canal y tal vez el precio haga un falso rompimiento llegando a tocar la zona morada cerca del nivel 0.691 y después de eso esperaría que el precio vuelva a bajar y logre tocar la linea media del canal la cual esta cerca del nivel 0.592.
Short
by anaju17
NZDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 27 Oct M > Market is moving in a downward channel. Price broke out of channel to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. W > Price moved out of channel creating HH and HL, after rejection at resistance level price made an attempt to drop down but was unable to break support created by last HL, this also coincided with top of channel acting now as support. D > Price moved up in a rising channel creating and respecting W and M formations. Price dropped out of channel and started moving upwards creating HH and HL in another channel. Price is now testing top of channel as resistance and we expect drop to the downside. We are aware that support created by top of monthly channel is now a big task for revalidation of our expectation from monthly chart. Hence we will set 3 bearish targets as off now. 1. Support of new channel 2. Daily demand zone 3. Top of monthly channel As per COT NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. NZD has been gaining strength slowly since June 2020 hence price can continue to rise up to test monthly resistance again. For bearish move we must see addition of short positions and USD must gain some strength. 4H > We can see rejection wicks that price has made at top of channel on each occasion, price is currently continuing to make HH and HL and has reached top of channel testing it as resistance. We can see rejection wick and loss of momentum as initial sign for reversal. We will wait for reversal confirmation to take short. Invalidation > In the event price breaks channel to the upside beyond a fake brake out and fails to reverse this analysis will get invalidated. Pair Correlation > Pair has a positive correlation with NZDJPY and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6688. The pair is trading in a upward resistance and support channel and now moving towards its resistance level. If the price breaks the resistance level at 0.6698, then it can touch the strong resistance level at 0.6735. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5