NZDUSD ANALYSISWe have this pair sitting at a key level.
As the pullback to this level was corrective, we could see bullish rejections and a bounce from here.
That would set us in for longs. However, if there is a clear break below this level, we would wait for a retest or pullback before clicking sells.
We're more inclined to buys from here because of the price action around this level. This pair is added to the watchlist.
Nzdusdsell
NZDUSD | The best area to buy🚀Hello traders, Symbol NZDUSD, this analysis is prepared in a weekly time frame but has been published for a better view in a 2 week time frame.
In this analysis, we tried to show you a general mentality about the movements of this symbol.
According to the side motion process that has occurred, this wave counter has been prepared in the form of complex waves for wave 4.
Initially, the price of a zigzag that was connected to a flat by X-wave , and it can be said that all or part of our complex waves are over, and now a new trend or X-wave is being formed.
With the price coming out of the blue channel, we came to the conclusion that a bunch of new waves are forming.
We considered two possibilities for this wave:
1- Start of leading waves
2- X-wave formation and continuation of this side process
At the beginning of the work, we examined the probability of wave X. In smaller time frames, we specified an area for the end of wave a, which will be confirmed if the orange trend line is broken, and the price will move upwards, if not broken. We will have the orange trend line from this point.
If the orange trend line is broken and the price moves up to the trend line and the range we have specified for wave a , it will be a very suitable area in terms of harmonic formation for wave b, which is located in the Fibo area of 0.618.
If the price returns from this area, wave c will probably move to the end of wave b.
If Fibo 0.618 is broken, this analysis will be fielded.
The plane sign indicates that wave a can move beyond this area.
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NZDUSD ANALYSISWe have now broken below the region as we said in the previous analysis.
We should expect a pullback and wait for clear rejections before taking any trades.
Very slow markets this time but we're making the best of it.
New targets would be a new low from the move.
The level of 0.69200 is a good location to receive profits. Cheers.
NZD/USD good short position NZD USD was the most bullish pair of last year
hence it found a strong resistance zone at 0.74200
after that market is making a correction on higher time frames
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key to success in financial world
💡Don't miss the great sell opportunity in NZDUSD". There is still a possibility of temporary retracement to the suggested resistance line (0.6916).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 34.
Take Profits:
TP1= @ 0.6887
TP2= @ 0.6873
TP3= @ 0.6845
TP4= @ 0.6695
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDUSD. There is still a possibility of temporary retracement to the suggested resistance line (0.6916).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 0.6887
TP2= @ 0.6873
TP3= @ 0.6845
TP4= @ 0.6695
SL: Break Above R2
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NZDUSD | COULD THIS BE A NICE SHORT? - FOREX TRADING LIONS 🦁📈Hello Traders,
Looking at NZDUSD its currently giving us a bearish engulfing candle, although not yet closed on the daily timeframe, if this does close it shows bearish pressure.
We are also on a huge support zone and a squeeze pattern, if the supported zone gets broken then a push exhaustion push scenario is likely meaning it would be a good trade to short.
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7004).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 0.6967
TP2= @ 0.6945
TP3= @ 0.6921
TP4= @ 0.6896
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7004).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 0.6967
TP2= @ 0.6945
TP3= @ 0.6921
TP4= @ 0.6896
SL: Break Above R2
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NZDUSD Got Rejected From a Strong resistance Zone
Welcome back Traders, Investors, and Community!
Hi Traders, NZDUSD on H1 has got a Rejection at 0.7095 which is a strong Resistance zone by several long wicked candles, I’m expecting it to go lower.
⬇️Sell now or Sell at 0.7095
⭕️SL @ 0.7116
✅TP1 @ 0.705
✅TP2 @ 0.7024
✅TP3 @ 0.6956
We will have more FREE forecasts in TradingView soon
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Have a Profitable Day
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7063).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.7032
TP2= @ 0.6999
TP3= @ 0.6962
TP4= @ 0.6922
TP5= @ 0.6883
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7063).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.7032
TP2= @ 0.6999
TP3= @ 0.6962
TP4= @ 0.6922
TP5= @ 0.6883
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️