NZDUSD shortPlease enter with caution and don't forget capital managemPlease enter with caution and don't forget capital management. The market cannot be predicted accuratelyent. The market cannot be predicted accurately
Nzdusdshort
NZD's double-bottom to foretell its next move?The Reserve Bank of New Zealand will deliver its second interest rate decision of 2023. The decision is release on Wednesday 2pm NZDT (Tuesday 8pm EST) What makes this interesting is that the country has just been hit by Cyclone Gabrielle which has reportedly caused more than NZ$12 billion worth of damage to infrastructure and private property. As such, some market watchers are predicting a pause in the RBNZ’s rate hikes (or a slowing), although the consensus is still for a 50-basis-points hike. With the uncertainty present in the market, the NZD/USD might look a little vulnerable ahead of this RBNZ decision.
The NZD/USD is currently testing the support area created in January at 0.62249, which is crucial in predicting its next move. If the support area fails to hold, a short-term target includes 0.61648, and a long-term target includes 0.61000. NZD/USD is also below the 200-EMA, indicating a bearish trend. If the price manages to reject at the current support area, it may bounce to retest the 200-EMA period before continuing the downtrend. However, support holding up at 0.62249 would mean a double-bottom pattern formation, indicating, at least, a short-term bullish trend. For the reversal to have any momentum, the price needs to clear out the past consolidation area between 0.63523 and 0.63000, ultimately breaking the 0.63523 resistance area before continuing to the upside.
Any upside to the NZD/USD might be capped by the strong economic data coming out of the US. Additionally, the US is closed for Presidents Day on Monday, perhaps causing some pent-up selling activity in the pair to eventuate on Wednesday NZDT/ Tuesday EST.
NZDUSD Daily Projection (22/02/22)Following a strong upward momentum, NZDUSD has formed a double top chart pattern. If the price breaks below the neckline, I will be looking for a short opportunity on lower timeframes. My price target is marked in the yellow zone.
However, if the price rallies up from the current level, there is a possibility of forming a triple top chart pattern.
What are your thoughts on this? Feel free to like and share your comments below.
NZDUSD fulfill my last idea.NXDUSD is exactly moving according my previous analysis and beautifully hitt our target 1 ( tagged ).
Now market is rejecting from support and here we have two scenarios.
I expect some retracment back before continuing downtrend so Now we have two areas for again enter in sell trades if market hold our 1st selling area then sell with small SL and TP is our main target 2.
If market break and hold the 1st area as support then wait for 2nd selling area.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
AUDUSD GOING DOWN LONG TERM!!!HELLO TRADERS
It seems like on a weekly timeframe this pair reached a resistance or supply zone(LOWER HIGH) and to back this up with top down analysis on a daily timeframe, the market formed a head and shoulders chart pattern which is a reversal chart pattern.
Moving on to the 4 Hour timeframe the market broke the neckline, probably confirming the new direction of the market.
Before any sell orders the market has to go through a correction phase to release buyers that are still in the market.
On the 1 Hour timeframe, traders should be vigilant for reversal candlestick pattern, chart pattern or Fibonacci retracement for entries......
N.B THIS ANALYSIS CAN ALSO BE USED ON CORRELATING PAIRS:
EURUSD
GBPUSD
NZDUSD
USDCHF
USDJPY
NZDUSD - Risky long ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, but we have opportunity for a risky long, as I expect price to make a retracement after rejecting from bullish order block.
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SHORT ON NZDUSDBased on the current market conditions and news, I see a potential short trade opportunity on NZDUSD. With the Federal Reserve being hawkish and the likelihood of the DXY strengthening, there is a higher probability for the NZD to go down.
Looking at the chart, NZDUSD has recently broken a trendline and is showing bearish pressure. There may be some support at a certain level, but it could continue to move down afterwards and form a clean range.
It's important to use proper risk management when entering a trade. Today, there is high impact news on retail sales, so it's important to keep an eye on that as it could affect the trade. Overall, I'm looking to enter a short trade on NZDUSD based on these factors.
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD .
After the change of character I started to look for short positions. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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NZDUSD SHORT COMINGBreak & Retest back of Bearish Flag Pattern 4H + 1H
Break & Retest EMA Cluster 4H + 1H + 30MIN + 15MIN
Break & Retest Structure S/R Level 4H + 1H
Happy Trading! -Matt
NZDUSD Short Sell According To My view Nzdusd Will Be in Downtrend What Do You Say Guys If You Like follow For More Ideas
nzdusd prediction went awesome last week prediction about nzdusd wonderful now i am thinking bullish move from rising support chance to get new higher high within channel
NZDUSD possible short for 0.6240nzdusd broker 0.6315 strong support of 12th January. 4hour & daily chart turned from bullish to bearish. wait for correct to tap supply zone for short. supply zones 0.6470-90, extreme supply zone 0.6517-40. both zone are strong selling zone. stop loss: 0.6560, target: 0.6240.
NZDUSD 4h Short , B&RNZDUSD is now looking for sell because it couldn't break above the higher high and broken the uptrend structure waiting for a B&R and sell it
NZDUSD - Selloff started ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price formed normal daily divergence and rejected from bearish order block.
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NZDUSD Short opportunity Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
NZDUSD AT STRONG RESISTANCE Nzdusd trading at strong resistance zone of daily time frame.
I expect market short from here.
If market hold this zone then sell Targets mentioned on chart.
Always trade safe and must use stop loss.
NZD/USD :: The failure of range box !!!NZD/USD :::
The price of the first thing it does is to break this small range box, and after being supported by the support levels, it will move to the middle line of the Big channel, and if it is charged enough, it can also be placed at the ceiling of the channel .
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NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here I expect bearish price action from here as we have divergence on daily timeframe and price could reject from bearish orderblock + institutional big figure.
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NZDUSD At Major Resistance Zone short on break of trendlineNZDUSD At Resistance Zone short on break of trendline
Divergence on RSI & MACD.
NZDUSD M30: Bearish outlook seen, further downside below 0.6500On the M30 time frame, prices are approaching the resistance zone at 0.6500 where we could see a reversal below this level. The 0.6500 resistance zone coincides with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance at 95.25 as well, where we could see a reversal in prices.
