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Nzdusdlongsetup

NZDUSD : FINALLY THE BULLS ARE BACK!Hi traders! A weekly chart! We need to see the bigger picture here. I finally see NZD pushing through these bearish time to get back up to a new zone in of interest. You can always catch similaties between this and the AUD. The AU has been able to push on last friday and I can easily NZD trying to do the same this week. NU hasn't been able to close either daily or weekly at where we are now which is very bullish! I will long from here with a SL under the last bearish wick we had last week. Trade safe!
Long
by ScottMescudiForex
The fight of the New Zealand DollarI apologize for the delay of the post as I have just arrived home and I can only enter trades at my mobile and can't publish anything at tradingview via phone. From the previous weeks long ago, we've seen the continuing strong decline of the New Zealand Dollar against several of its Forex pairs... and that changes today. This Forex pair has been on a bull attack for several days now, and it is still fighting back ahead of the FED. Now, as I've been stating for the previous trade analysis, I always am attracted to fakey pin bar set-ups... and this is one of them! Just for a quick trade, I have entered two trades at 2017.06.13 00:59 and 2017.06.13 03:04 one at 50% and one at top of the pin bar. I cannot guarantee that you can still enter at the 50% of the pin bar, but maybe you can still enter at the top. Quick trades like this, with a strong signal, requires good entry and big lot!
Long
by bearvsbullmarket
NZDUSD prepare to sell on break of key supportSell below 0.7051. Stop loss at 0.7093. Take profit at 0.7051. Reason for the trading strategy (technically): We prepare to sell when price breaks a major support level at 0.7051 (Fibonacci retracement, Elliott wave theory, horizontal pullback support, bearish divergence) and expect price to make a strong push down to 0.6987 support (Fibonacci retracement, horizontal overlap support). RSI (34) has made a bearish exit as a pre-signal that we’re seeing a strong drop soon, and the bearish divergence vs price adds to our conviction of seeing an impending drop.
Short
by MEX_Exchange
NZDUSD profit target reached, prepare to sellSell below 0.6883. Stop loss at 0.6920. Take profit at 0.6826. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to sell below 0.6883 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to 0.6826 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing resistance at 94% which RSI is fast approaching. RSI (34) has made a bearish exit and is approaching resistance once again where we expect a drop from. Correlation analysis: NZDUSD and AUDUSD are positively correlated meaning they usually move together in the same direction. We are expecting a rise on AUDUSD and a drop on NZDUSD so it is best to exercise caution on these trades.
Short
by theforexarmy
NZDUSD bounce caught perfectly, remain bullishBuy above 0.6818. Stop loss at 0.6789. Take profit at 0.6874. Reason for the trading strategy (technically): Price reached our buying level and has started to bounce up perfectly. We now remain bullish above 0.6818 support (Fibonacci extension, Elliott wave theory) and look for a bounce towards 0.6874 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is bouncing up nicely from our 9% support level. RSI (34) has made a bearish exit signalling that the overall momentum we’re expecting of NZDUSD is bearish. Correlation analysis: NZDUSD and AUDUSD are positively correlated meaning they usually move together in the same direction. We are expecting a rise on AUDUSD and a rise on NZDUSD which goes well with the positive correlation expected. Reason for the trading strategy (fundamentally): The main news event driving USD today is the U.S. Advance Retail Sales which is a monthly measure of sales of goods to consumers at retail outlets. The figure is a significant market mover, valuable both for its timeliness and insight into consumer demand and consumer confidence. We’re expecting a positive value here meaning more consumer spending and confidence, leading to strength in the USD. This would go against our bullish NZDUSD view today hence is it best to exercise caution on this trade.
Long
by theforexarmy
NZDUSD bouncing up perfectly, remain bullishBuy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area once again and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance). RSI (34) has made a really nice bullish exit signalling that a further bullish movement can be expected on NZDUSD. A bullish pullback to support is also seen signalling that a bounce is impending before a further rise. To read about the daily technical analysis strategies in more detail, you can check them out here : www.theforexarmy.com
Long
by theforexarmy
NZDUSD bouncing up perfectly, remain bullishBuy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area previously and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance). RSI (34) has made a really nice bullish exit signalling that a further bullish movement can be expected on NZDUSD.
Long
by theforexarmy