Nzdusdlongsetup
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.
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Rishikesh Lilawat
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6487. The pair started a new up trend after breaking the resistance level at 0.6454. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started an up trend by breaking the resistance level, its first target price is at 0.6570 and the second target price will be at 0.6642.
Follow a 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
NZDUSD Approaches Support - Go Long For TP Level of 0.61200NZDUSD has just approached a strong support level, and I see a short term bounce from the current 0.61050 level, for a TP level of 0.61200, which is it's next resistance level. I don't see it making a bigger move in the near term, since it seems to now want to consolidate for a bit.
NZDUSD LONGHI, TRADERS
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YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
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NZDUSD LONG: Interesting Price Action
Taking a Weekly approach to chart analysis, price is trending on a decline channel. A Test of 0.61367-0.60069 (Support) is likely to have Price retest 0.66222 respective of the channel and its median.
Additional lag area for upside target includes previous Buy-zone (red-rectangle).
*Extra levels added contrary to previous NDSUSD idea.
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NZDUSD LONG: Interesting Price Action
Taking a Weekly approach to chart analysis, price is trending on a decline channel.
A Test of 0.61367-0.60069 (Support) is likely to have Price retest 0.66222 respective of the channel and its median.
Additional lag area for upside target includes previous Buy-zone (red-rectangle).
Like this idea?
Like, Share, Follow, and Support this channel for yet better content.
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NZDUSD Pattern Suggests Downtrend is Over In The MeantimeNZDUSD'S 4-hourly chart reveals the entire price structure from the Jan 2020 top. As you can see, it is a textbook five-wave impulse, labeled (i)-(ii)-(iii)-(iv)-(v). It unfolded within the parallel lines of a trend channel and the sub-waves of wave (iii) are also visible.
The market apparently took the guideline of alternation into account, too. Wave (ii) was a sideway expanded flat pattern, while wave (iv) was a sharp correction.
If this count is correct, Elliot Wave theory postulates that a three-wave correction in the other direction follows every impulse. For NZDUSD, this means we can expect a three-wave reversal from the current market level.
The anticipated retracement has the potential to erase the entire fifth wave. A rally back to the support area of wave (iv) or even higher is very likely. 0.6960 resistance area seems like a reasonable target in the next couple of weeks.
What's your view on NZDUSD?
Trading Pathways Analysis of NZDUSD H4 Chart
The outlined white arrow pathway is the predicted pathway that the NZDUSD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDUSD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
NZD/USD: Daytrade-Opportunity#LONGHey tradomaniacs,
welcome to another free signal of Week 39 Nr.5!
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Type: Daytrade
Buy here: 0,63321
Stop-Loss: 0,63125
Target 1: 0,6350
Target 2: 0,63599
Target 3: 0,63683
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Peace and good trades
Irasor
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NZDUSD Harmonic BAT Analysis and StrategyThis pair recently bounced off a major support zone and price action has recently broken below a major trend line trend line (yellow) as well. This trend line has become a support zone as well. We also see the formation of a harmonic Bat Pattern and we predict it will be completed. These are all bullish technicals and our strategy is to trade the 4th leg of the pattern. FX:NZDUSD
Bullish Moves for Kiwi NZDUSDA textbook Downtrend from a monthly Resistance zone 0.69152 sees the KIWI showing its horns against the greenback with signs of bullish momentum at Monthly Support 0.65127.
Daily candles indicate a rejection of price further to the downside of 0.65100 a turning point for the Kiwi Dollar
4300USD Profit since joined tradingviewThe NZDUSD pair started the attempts to breach the bullish pennant resistance that appears on the chart, and as we mentioned this morning, this breach is required to motivate the price to resume the expected bullish trend for the upcoming period, which targets 0.6795 level as a next main station
Currency Pair: NZDUSD -0.03% -0.14%
BUY Limit Entry Price:0.6700
Take Profit:0.6800
Stop Loss:0.6600
Capital Risk:500USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 500USD
Risk/Reward: 1:1