Get started

Nzdusdsell

NZD/USD - continued bearish momentum after peak above 0.6600During our last post on NZD/USD we were looking at price action on the weekly time frame and had estimated a continued bearish movement as price rejected from the upper boundary of the descending weekly trend channel. Price is currently posting another bearish candle on the weekly time frame if bearish momentum continues into Friday. This may change after the last candle of the week. A weakening dollar did push price back up above 0.6600, but the level was strongly rejected with price falling quickly back to the support at 0.6572. Price has now broken through this level of strong support, with price currently hovering around 0.6500. We are expecting a push back up to 0.6572 to retest the level, before price then continues further down. We will be looking at the level of 0.6572 to enter a short position with a take profit target of 0.6500 and a second take profit target at the support of 0.6385. If price breaks and holds above 0.6572 on the daily, we will rethink our analysis.
Short
by TheForexFellows
NZD/USD pair is trading above the strong support level of 0.6520The pair is buying and selling above the robust assist stage of 0.6520. The pair is negatively affected by the US-China stress, in addition to the expectation of the publication of the minutes of the final assembly of the Reserve Financial institution of New Zealand on Tuesday. Technical aspect: The value is beneath the center Bollinger band, beneath SMA 5 and SMA 14. RSI is above the oversold zone and strikes horizontally. Stoch are declining. Buying and selling suggestions: If the pair falls beneath the 0.6520, it could go additional all the way down to 0.6450.
by forexinworld
NZDUSD - SWING - 30. JULY. 2020Welcome to our weekly trade setup ( NZDUSD )! - 1 HOUR Bearish price action after forming new highs 4 HOUR Break and closure below main sr level. DAILY Expecting more bearish pressure. - FOREX SWING SELL NZDUSD ENTRY LEVEL @ 0.66280 SL @ 0.66820 TP @ 0.65560 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
28
NZDUSD - SWING - 20. JULY. 2020Welcome to our weekly trade setup ( NZDUSD )! - 1 HOUR Bullish price action towards previous highs. 4 HOUR Market slowed down, expecting a push to the downside. DAILY Overall bullish market looking like it will turn shortly. - FOREX SWING SELL NZDUSD ENTRY LEVEL @ 0.65580 SL @ 0.65880 TP @ 0.65130 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
15