Nzdusdsignal
NZDUSD- Wild Card Break Down//Full Analysis & Forecast. Good evening traders.
This is outside of my daily pairs however the current market structure can not be over looked.
I have broken down the pair from the monthly highlighting the high probability zones we have to trade from. The market is bullish at the moment with PLENTY of bearish confluences. Looking at the higher time frame structure it is just a matter of time before the pair shorts.
Keep an eye on the pair over the next few days/weeks, be reactive not predictive.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
NZDUSD | PERSPECTIVE FOR THE NEW WEEKThe dominant perspective that the Kiwi could suffer on new measures from the Reserve Bank of New Zealand brought forward on risk-off has a significant reflection on the chart as we experienced a Breakdown of Key level at $0.66000 after series of Bearish wave though the whole of last week.
Tendency: Downtrend ( Bearish )
Structure: Double Top | Breakdown
Observation: i. The arising of a Reversal pattern after price action reaches a peak at two consecutive times ($0.68000) with a moderate decline between the two highs to $0.66000 (neckline) confirms my Double Top pattern.
ii. Breakdown of Key level @ $0.66000 (neckline) incites expectation of retest of this level to signal trading opportunities.
iii. Confirmations of Sell aims at a touch of the Bullish trendline.
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:3
Potential Duration: 4 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NzdUsd towards 0.67 again?Exactly like its currency sister Aud, Nzd has held support and now is reversing.
That being said I expect NzdUsd to continue its rise and a break of 0.66 interim resistance could lead to further gains towards 0.67.
As long as 0.6520 is intact buy dips is my preferred scenario
NZD/USD Is Going to Explode!At present, NZDUSD following a price channel pattern strategy. In the above chart, it has created three major parallel channels A , B , & C .
Pay attention to the parallel channel C. It is creating a new downtrend for a short period. Now, the New Zealand Dollar / U.S. Dollar can fall to the following levels:
Target Price 1: 0.67100
Target Price 2: 0.66936
Target Price 3: 0.66660
NZD/USD | bearish till 0.65038 ?NZD/USD delayed post.
NZD/USD selling pressure may reach 0.65800
Bearish momentum may fall to 0.65038
Resistance Levels: 0.66466, 0.66752, 0.66984
Support Levels: 0.66001, 0.65800, 0.65038
Possible good entry:
Entry price: 0.66400
Stop: 0.67067
Target: 0.65038
Let's watch...
#JustTradeFxOnline
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Short NZDUSDThere is the possibility that the first uptrend with the Ending Diagonal pattern ended in the range of 0.6797.By crossing the price range of 0.66011, the completion of the Ending Diagonal pattern is confirmed, we can hope the continuation of the downtrend extends up to the first target of 0.6380.
NZDUSD Long SetupGoing to look to go long on the retest if price shows it wants to go up again on the 1H and 15min time frame. Going to target the previous high on the 4H and then look for a potential sell opportunity back to the previous HL.
NZDUSD - sell biasedHI all traders.
Happy pips for next week and see this video analysis on NZDUSD.
Take note of all those areas i have warned you about and take some pips out of it.
Cheers everyone and thank you as always!
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NZDUSD short trade (LONG)Hello friends.
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Everything on the chart.
open pos: buy on correction (pottential head&shoulders)
targets: 0.675
stop: under last local low (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 2+
Good luck
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Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
NZDUSD Trade Plan: Short After Correction is CompletedNZDUSD declines in a five-wave impulse pattern from the red level on the chart. According to Elliot Wave theory, a three-wave retracement follows every impulse move before price resumes in the direction of the impulse.
As long as the price stays below the red level on the chart, I will be expecting further decline on NU once we see a decent corrective move.
What's your thought on NU? Kindly let me know in the comment.
Thank You.
Veejahbee.
NzdUsd- sell with a great risk: rewardNzdUsd found a clear top at 0.68 zone. Now the pair is consolidating above 0.67 zone and a small correction to 0.6725 is not out of the question.
A sell position in this zone with a target of 0.6650 would have a 1:3 risk: reward.
NZDUSD local signal (SHORT)Hello friends.
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Everything on the chart.
open pos: market
targets: 0.6565 - 0.654 - 0.652
after first target reached move ur stop to breakeven
stop: 0.668 (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 3
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
NZDUSD local signal (SHORT)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
targets: 0.656 - 0.654 - 0.652
after first target reached move ur stop to breakeven
stop: 0.6635 (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 4
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
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.
NZD/USD at Control Price, should BUY or SELL?According to this chart, NZD/USD is trying to move forward. We may see a reversal from the control price and that could fly for T1 ( 0.6575 ) & T2 ( 0.6615 ). In the previous week, it has dropped -0.87% . Hence, keep your eyes on level of 0.6526 . This level breakdown indicates a strong sell signal. Later on, the NZD/USD journey starts for support level trendline (meantime, TP1 0.6500 & TP2 0.6470 ).
You can pick the control price or 0.6526 as a stop loss .
NZD/USD Intraday: further upside.Long positions above 0.6535 with targets at 0.6560 & 0.6600 in extension.
Alternative scenario
Below 0.6525 look for further downside with 0.6505 & 0.6470 as targets.
NZD/USD Sell Below 0.6570, Next Target 0.6400NZD/USD Sell Stop @0.6570
SL: 0.6770
TP1: 0.6400
TP2: 0.6170
NZD/USD expect going to uptrendNZD/USD foreign money pair closed the buying and selling week close to 0.6600. The pair is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development for NZD/USD. This buying and selling week, the pair is predicted to develop and take a look at the higher sure of Ichimoku Kinko Hyo close to the extent of 0.6730. Merchants ought to count on the pair's try and rebound and additional development with a goal close to 0.6815.
(16.07.2020) NZDUSD (and 6N) has chance of dropping to 0.63900NZDUSD (and 6N) has every chance of dropping to 0.63900, as it underwent seven unsuccessful attempts (chart 1h) to break through the 0.65800 level.
