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Nzdusdsignals

NZDUSD | Perspective for the new week As the Russia-Ukraine headlines worsen the market mood, we witnessed rejections of the $0.67 area during last week trading session to impose a shadow of doubts on the potential of the Kiwi going into the new week. However, with current technical structures; I suspect that the acceptance of above the $0.6700 might give a sense of comfort to push the price higher in the coming weeks with $0.66500 serving as a baseline for the formation of a new trend. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. For over a year now, the Kiwi has been on a downward spiral as it dropped 12.5% against the USD. ii. If we look at the weekly chart, we will notice that price came back to a significant demand level around $0.655 late in January 2022 which was immediately followed by bullish momentum. iii. Hence, I have projected a potential trendline (bullish) on the chart to guide us in taking advantage of a bullish momentum if it eventually happens in the coming week(s). iv. A breakout/retest of the key level at $0.67500 should present an opportunity to add to our existing position. v. Please note that the bullish trendline projected on the chart is serving as our yardstick as any break below will render the narrative invalid... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 20 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Long
by darcsherry
NZDUSD approaching a buy zoneNZDUSD has been trading within a Channel Down since the start 2021. The RSI on the 1D time-frame has successfully provided very accurate buy signals within a zone that is currently very close to. The price itself is approaching the bottom (Lower Lows trend-line) of this long-term Channel Down and it resembles (also on RSI terms), the July - August bottom fractal, which made its Lower Low after the sell-off of August 17 - 19. Currently we are on an equally bearish streak since the rejection on the 1D MA50 (blue trend-line), which indicates that the pair is close to making a bottom (Lower Low) and start rising towards the Lower Highs (top) trend-line of the Channel. Every rebound to a Lower High reached the middle of the 0.618 - 0.786 Fibonacci retracement zone. Our target on the long-term is 0.7000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
NZDUSD | Perspective for the new week | Follow-up detailsWe experienced close to 100pips move in our direction following my last speculation on this pair (see link below for reference purposes) and a Breakdown of Demand structure (a level that held price "supported" throughout last month) early in the month of November 2021 insinuates that the Kiwi might witness a risk of further decline in the coming week(s). From a fundamental perspective; a stronger than expected U.S. jobs report might bring the Fed closer to a rate hike which could put further pressure on the NZD/USD in the coming week(s), Let's see! Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Double Top look-a-like) Observation: i. After breaking out of Double Bottom Neckline on the 14th of October 2021 (see daily chart ), the Kiwi recorded a 3.42% growth over the Dollar to set the tone for a Bullish momentum in the long term. ii. However, after testing a temporary peak @ $0.72190, the price took a gradual nose dive, leading to a significant Breakdown of Key level during last week trading session. iii. As expected, I stated in my last speculation on this pair (see link below) that we should be getting ready for a possible correction phase of the Impulse leg which might retest the Neckline of the Double Bottom that instigated the previous rally (see daily chart) to confirm a trend continuation setup. iv. The appearance of a highly bearish technical reversal pattern on the chart which looks like a Double Top at $0.72190 & $0.72180 followed by a couple of Breakdowns of $0.71300 in the last week could be a sign that emphasizes the selling pressure accumulating under the Key level. iv. In this regard, I shall be looking out for selling opportunities below Key level with an opportunity to add to my existing position should price Breakdown/retest of $0.70850... Trade consciously!😊 NB: It is very possible that the early hours/days of the new week might see a price climb into the Supply zone cited within $0.71850/0.71550 to incite further decline. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Short
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailsMy last speculation on this pair earned us over 200pips before the Bullish momentum began (see link below for reference purposes); Despite a long term Bullish perspective, I am beginning to see a short term opportunity to do a temporary sell on the Kiwi in the coming week as the Bears gear to step into the game. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Double Top) Observation: i. After breaking out of Double Bottom Neckline on the 14th of October 2021 (see daily chart), the Kiwi recorded a 3.42% growth over the Dollar to set the tone for a Bullish momentum in the long term. ii. As it is now, it appears we are about to witness a correction phase into the Double Bottom Neckline (see daily chart) to incite a bullish trend continuation. iii. Double Top: An extremely bearish technical reversal pattern forming after price tested a peak two consecutive times with a moderate decline between the two highs ($0.72100/0.71900) is an emphatic signal that awaits confirmation in the mode of a fall below the support level which is also equal to the low between the two prior highs (Neckline @ $0.71500). iv. At this juncture, the Breakdown/Retest of the identified Neckline shall welcome an opportunity to open a position in the coming week. v. In the midst of a potential Breakout/Retest of Neckline, there is a possibility that the price might do a climb to test the identified "New Supply level" within $0.71800/0.71500 in the early hours/days of the new week to incite further decline in price... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Short
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailsIt's over 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and the appearance of a Double Top pattern is leaving me with no choice but to look out for Bearish momentum in the coming week(s). There is high hope for the Greenback in the nearest future as the focus remains on the Fed tapering timeline Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Double Top) Observation: i. The Kiwi enjoyed a tremendous 5.33% gain over the Dollar in the last 3 weeks but appears to have found Resistance @ $0.71700 which gave rise to a Double Top structure. ii. Double Top: An extremely bearish technical reversal pattern forms after price tested the peak ($0.717000/0.71600) two consecutive times with a moderate decline between the two highs with confirmation awaiting us if the price falls below the Demand level which is equal to the low between the two prior highs. iii. The appearance of a couple of shooting star candlesticks on the last trading days of last week further emphasizes the expectation of a plunge in the coming week(s). iv. Shooting star: the price tried to rise significantly during the last two days (9th/10th Sept 2021), but then the sellers took over and pushed the price back down. iii. Even as we remain patient for confirmation in the Breakdown of Neckline, I am comfortable being in this trade anywhere below Key level @ $0.71200... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Short
by darcsherry
2
NZDUSD | Perspective for the new week | Follow-up detailsIt is over 200pips move in our direction since my last publication on this pair (see link below for reference purposes - the positive outcome from this speculation is indeed interesting as one of my client did not believe in our sell position hence he closed the trade😄and lost the opportunity to recover his account ) and it appears that we have milked the Bearish move to its end as the appearance of a reversal set-up at this juncture hints at a possible rally which might be a correction of the impulse leg we took advantage of. The Kiwi hit 10-month lows on Friday as coronavirus lockdowns undermined their economies and pushed out policy tightening hereby sparking a steep drop in bond yields. After hitting a month low @ $0.68050 early in the week, the Kiwi bounced higher in a rangebound trade to post a slight gain at the end of the week with signs of a reversal in the air should price break and close above key level @ $0.68400. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Double Bottom) Observation: i. Since the beginning of the month of August 2021, we witnessed a spiral move downward as the price continued to find lower lows. ii. After hitting bottom @ $0.68100, we witnessed multiple rejections of this level during the latter part of last week trading session which gave rise to the appearance of a Double Bottom pattern - a very strong reversal setup. iii. Double Bottom: a charting pattern that describes a change in trend and a momentum reversal from prior leading price action shall be confirmed as soon as the price does a Breakout/Retest of the Neckline which is also my Key level at this juncture. iv. Considering the Bearish momentum on this pair; it is advisable that we become patient for confirmation which shall be at the completion of reversal pattern to hop in the rally. v. Please note that this reversal might be a correction of the bearish impulse leg (temporarily bullish) and if the price breaks above a 61.8/78.6% retracement then we can be looking at the possibility of an outright reversal... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:5 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. This is a long-term perspective and you might watch this space for speculation on lower time frames as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Long
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailFollowing the fulfilment of a 120pips move in our direction (see link below for reference purposes), we witnessed a correction back into our precious key zone @ $0.71000 - a significant zone (Neckline of Double Top pattern on the weekly chart) for sellers with another opportunity to short the Kiwi against the Dollar in the coming week. As the Kiwi continues to trade below $0.70000 after US inflation data, I anticipate a further breakdown of demand level in the coming week after observing the rate at which sellers continue to push the price down into the middle of the rectangle thereby revealing weakness in the value of the Kiwi ahead of US Nonfarm payrolls. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel (Bearish rectangle) Observation: i. Price has been caught within a 130pips range since mid - June 2021 to form a Bearish rectangle pattern. ii. The price appears to have paused during a strong downtrend and temporarily keeps bouncing between two parallel levels $0.70500/0.69000 in the last 40days with anticipation of a trend continuation in the nearest future. iii. The appearance of a Bearish rectangle at this juncture in the market might be seen as a bearish continuation pattern with extension into a 61.8/78.6% retracement of Impulse leg on the weekly chart (see weekly chart below for reference purposes). iv. Price action has been at Key level @ $0.71000/0.70000 been at the Neckline of a Double Top pattern cited on the weekly chart (see chart below) is also a feat suggesting bearish possibilities. v. In this regard and considering the bullish expectation in the long term perspective, our confirmation shall remain below Key level to be confident in this trade with opportunities to add position at break down of Demand zone... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4.5 Potential Duration: 4 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Short
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailsSince my last publication on this pair (see link below for reference purposes; the price has moved a little above 50pips in our direction as we witnessed a transition into a consolidation phase which also explains the doubt/indecision in the market in the last 3 weeks. Despite observing multiple rejections from the $0.69200 area in the last week, I suspect that the Greenback is setting up for strong gains in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Double Top) | Trendline Observation: i. The Bearish Trendline (see weekly chart) reflects that price has been caught within a Bearish scope since late May 2021 with strong tendencies of a risk of further decline for the Kiwi in the coming week(s). ii. Conspicuously, multiple rejections of $0.70400 making a confluence with the Bearish Trendline during last week trading session validates my plan to shorting the Kiwi. iii. Double Top: The appearance of an extremely bearish technical reversal pattern after the price reached a peak two consecutive times ($0.70450 & $0.70390 respectively) with a moderate decline between the two highs further support a Bearish bias as I look forward to a Breakdown/Retest of Bullish Trendline (indicated on shart) in the coming week. iv. Please note that below the Key level @ $0.70100 remains a yardstick to shorting. v. A Breakdown/Retest of Neckline @ $0.69750 might welcome addition to the existing position. vi. And a successful Breakdown/Retest of $0.69200 ( a level that held price "supported" in the last week) might be the straw that will break the camel's back for significant sell continuation. vii. CAUTION : A breakout and retest of the $0.70400 area shall render the narrative invalid and I shall be switching position for a rally!... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:6 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Short
by darcsherry
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 ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
2