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Nzdusdlong

NZDUSD Are we failing to continue higher?Hi Traders, NZDUSD had continued to create bearish price action which trapped a few traders (including myself) of going short when it just wasn't ready.. instead it created a new high and I believe it is almost exhausted to push higher. Looking for an impulse push down followed by a correction before looking for another entry. What's your view on this pair? Share a comment below and let me know. Trade safe, follow your trading plan! Support with a like if this helped you!
Short
by ktlfx
2
NZDUSD | Perspective for the new week As the Russia-Ukraine headlines worsen the market mood, we witnessed rejections of the $0.67 area during last week trading session to impose a shadow of doubts on the potential of the Kiwi going into the new week. However, with current technical structures; I suspect that the acceptance of above the $0.6700 might give a sense of comfort to push the price higher in the coming weeks with $0.66500 serving as a baseline for the formation of a new trend. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. For over a year now, the Kiwi has been on a downward spiral as it dropped 12.5% against the USD. ii. If we look at the weekly chart, we will notice that price came back to a significant demand level around $0.655 late in January 2022 which was immediately followed by bullish momentum. iii. Hence, I have projected a potential trendline (bullish) on the chart to guide us in taking advantage of a bullish momentum if it eventually happens in the coming week(s). iv. A breakout/retest of the key level at $0.67500 should present an opportunity to add to our existing position. v. Please note that the bullish trendline projected on the chart is serving as our yardstick as any break below will render the narrative invalid... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 20 days 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.
Long
by darcsherry
NZDUSD | The best scenario for climbing🔥Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In the count we had and in our opinion we are dealing with a leading pattern. This pattern has definitely formed its 1st, 2nd and 3rd waves, and now we doubt the beginning of wave 5 and the end of wave 4. Wave 4 lasted longer than everyone expected because its structure is complex and relatively normal. In general, we give the probability of starting the next wave, ie wave 5, and we think that this recent ascent is related to the microwave 1 of wave 5, and its correction is related to wave 2, which again makes it probable that more correction will take place. Now we are waiting for wave 3, which is confirmed by breaking the trend line and other conditions. If the end of the previous wave is broken, we will conclude that wave 4 is not over yet. 🙏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!❤️
Long
by mahdisoltaninjad
1
NZDUSD | The best scenario for climbing🔥Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this symbol, waves 1, 2 and 3 are completed and now we are inside wave 4. Wave 4 is very long in terms of time and is in normal condition in terms of Fibo. We think this wave is complex and from this complex wave the y wave is being completed. We are inside wave c of y, and from this wave c, waves 1, 2, 3, and 4 have ended, and wave 5 has descended beyond our expectations. Based on our count, we see the next move ascending and adhere to this scenario until the field point, Fibonacci 0.618, is broken down. 🙏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!❤️
Long
by mahdisoltaninjad
1