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Nzdusdsetup

NZD weakening against the USD - looks a SELL from MARKET .6063Not much dollar strength about but the NZD, one of my favourite SELLING currencies seems to be faltering. For several sessions the BULLS have struggled to force the price past recent highs at .6102 and my specialist indicator is flagging a moderate SELL on this pair. For a risk of 36 pips and a target of 146 pips - this looks a reasonable trade in the current thin market. I'm in at .6063 with a STOP above the high at .6102 and a T.P. at .5920. Easter holidays mean this is a thin trading day so this will be a slow burner with the tempo picking up tomorrow.
Short
by theforexportal
NZDUSD Setting the Stage to Complete the Impulse WaveThe advance from October 2019 low can is taking the form of an impulsive Elliot Wave pattern, labeled 1-5. Wave 3 also subdivided into five-wave labeled (i)-(v). To complete the major structure wave 4 and wave 5 are required. Price is expected to complete wave 4 correction around 38.2% Fib, which also lined up with channel support. Once wave 4 is bottomed, an advance in wave 5 will complete the whole impulse structure. Bottom Line: I will be looking to go long wave 5. What's your view on NZDUSD?
Long
by Veejahbee
4
NZDUSD Analysis: Retest of inverted head and shoulders necklineHi traders , from my point of view I see a very clear inverted head and shoulders reversal pattern on this pair. The price after rising higher fell down to retest the neckline and seem to respect it. I see high chances of price rising higher up to 0.67097 but may stagnate at the indicated levels. I would appreciate your views on the pair in the comments section. If you agree with the analysis please hit the like button to help reach more traders.
Long
by John_Mwaniki
NZDUSD Analysis: At a critical point with double trade scenariosNZDUSD has been in a downtrend for quite some time. Scenario 1: On reaching to a strong support level it has formed what looks like a perfect inverted head and shoulders reversal pattern. Price is currently at the neckline and what we expect next is for it to move up a little bit then pull back for a retest of the neckline so that we can go long for the pair. Scenario 2: The price looks like following a descending channel in which it has tested and respected several times. If the price bounces off from the channel resistance line then we can go short. Let me know your views about this pair. If you like the analysis you can like to show agreement.
by John_Mwaniki