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Nzdusdlong

NZDUSD facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at 1st support, in line with our 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and a further rise to 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
NZDUSD - Bullish BiasNZD - BULLISH 1️⃣ The unemployment rate in New Zealand dropped to 4.7% in the first quarter of 2021, down from 4.9% the previous quarter and lower than the market's expectation of 4.9%. 2️⃣ Positive risk sentiment supported the antipodeans. USD - BEARISH 1️⃣ Federal Reserve Chair Jerome Powell has argued the labor market is still far short of where it needs to be to start talking of tapering asset buying. 2️⃣ Federal Reserve speakers downplayed the risks of higher inflation ahead of the US monthly jobs report due on Friday. 3️⃣ Investors have refocused on messages from Federal Reserve officials, who stick to the dovish message that inflation is transitory and that the economy has a long way to go. ===== Technical ===== We are looking to buy the NZDUSD at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
NZD/USD - Bullish Push via Break of Structure What Is The Market Telling Us? Sell side liquidty taken from stop hunt, giving off a false bias of downward movement There is a continuous break of market structure (BMS) in current trend Previous daily high has been violated with What Are Market Participants Doing? Within the last 24hrs of this post, there has been a +23% jump in NZD long positions from banks The retail traders are losing as 68% of retail traders are shorting this pair, looking for a top within the uptrend COT Data reports a +2000 lots added into NZD currency from 38,435 to 40,632
Long
by forexwithfred
9 SYNOPSIS FOR NZDUSD BULLISH INCITATIONTHE MARKET PROVIDE 9 REASON TO TAKE A LONG OPPORTUNITY... TECHNICAL ANALYSIS... 1.Price nearly 0.72 psychology level... 2.dynamic support EMA 50... 3.trend line support an upward move.. 4.Wave 5 complete now we having intermediate wave c to complete ABC pattern... 5.Retest the neckline formation of m or w inducement and its retrace... 6.break out structure confirmation of bullish momentum.... 7.rally base rally inside imbalance move of bulls SHOW IN 1H.. 8.declaration of a volume which is inverse to a candle which is formed as a panic candle without fundamental acquire 9.APPROVAL RISK TO REWARD ... COMMITMENT OF TRADERS.. USD is getting weak due to having -2.5k shorts n long of unloaded shares both non commercials and commercials ... NZD is getting strong due to having 1.2k additional long in non commercials .. my analysis base in PUREPRICE ACTION,,WAVE,,LAWS OF WYKCOFF AND COT UPDATE,,,, CAUTION,,,,determine your risk to reward
Long
by mylesyahseen
2
NZD/USD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. NZD/USD: Daytrade-Execution Notice: Risky ahead FOMC-meetings tomorrow as market is really choppy! Rather stay out if you don`t like trading with a higher risk. Buy-Stop-Order: 0.72055 Stop-Loss: 0.71930 Point of Risk-Reduction: 0.72190 Take-Profit: 0.72430 Stop-Loss: 12,5 pips Risk: 0,5% -1% Risk-Reward: 3,05 EAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
1
NZDUSD facing bullish pressure | 27 Apr 2021Prices are facing bullish pressure from ascending trendline support and horizontal pullback support, in line with 50% FIbonacci retracement and 61.8% Fibonacci extension . Prices might push up further towards 1st resistance in line with horizontal swing high resistance, 127.2% Fibonacci retracement and 161.8% Fibonacci extension . If prices fall through 1st support, prices might take support from horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1