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Nzdusdtrade

The NZDUSD price forecast update June 30thThe NZD/USD pair is trading around 0.60914. The price is currently below both the 100-period and 200-period moving averages, indicating a bearish trend. There is a significant support zone around 0.60313 to 0.59926. This zone had previously acted as a support but has been broken and retested, indicating a potential shift to resistance. Immediate resistance is around 0.60824, just above the current price. The price has recently broken through a significant support level (around 0.60824) and retested it, suggesting a potential continuation of the downtrend. Summary: Right Now it indicates a bearish trend with the price trading below key moving averages and having recently broken a critical support level. Traders should look for selling opportunities on rallies to resistance levels, with potential downside targets near the descending support line around 0.59000. Always ensure proper risk management with stop-loss orders above key resistance levels. What do you think ? Let me know in the comments SIGNAL: SELL: 0.60944 - 0.61085 STOP: 0.61168 TAKE PROFIT: 0.60295 TAKE PROFIT: 0.59948 NOTE: Trade at your own risk. Thank you
Short
by The_Golden_Path
7
NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
10
NU Trading Plan - 9/Jun/2024Hello Traders, Hope you all are doing good!! I expect NU to react from the highlighted zones. Currently NU is in bigger correction & I am still seeing the potential bigger move towards upside. Plan to Trade: If market starts to correct from current levels upside and hit the highlighted zone, then short term sells are possible. 0.605 will be the area where I will start to look for my BUYs. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
NZDUSD Bullish setups**Monthly Chart** NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at). **Weekly Chart** Last week candle closed bullish as a continued move from the previous week. There were good buying opportunities on smaller time frames in the previous weeks. This week we will be looking for any trading opportunities on the retracements for good swing trades towards the next target. **Daily Chart** For the next two weeks, I will be looking for the price to retrace lower and provide buying opportunities. For selling opportunities, it will be short-term near the 0.6250 level if the price is unable to break the high. We might see a strength of the USD index for a short-term swing to the downside. But the main opportunity is for long setups as of now. On 22nd May, there will be Red Folder news on NZD which might push the price of NZD pairs lower, then we will see how the market reacts to the news. Either way, it will provide a good trade setup for our next move.
Long
by PropSignals
NZDUSD tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
NZD/USD - Bearish Harmonic Pattern Signals Downtrend TrendThe NZD/USD currency pair is currently exhibiting strong bearish signals. A Bearish Harmonic Pattern has formed at a key resistance area, indicating a potential reversal. Additionally, a Bearish RSI Divergence on the 4-hour chart further supports our bearish bias. _________________Technical Indicators_____________________ Bearish Harmonic Pattern: The Bearish Harmonic Pattern detected at the key resistance level suggests a potential downward movement. This pattern is known for its high probability of signaling trend reversals, reinforcing our expectation of a bearish trend. Bearish RSI Divergence: The Relative Strength Index (RSI) on the 4-hour chart shows a bearish divergence, adding another layer of confirmation to our bearish outlook. The divergence indicates weakening momentum, suggesting that the recent upward movement is losing strength. ___________________Trade Setup_______________________________ Entry and Stop Loss Entry Point: 0.61345 Stop Loss: 0.61535 The entry point is strategically placed below the resistance area to capture the expected downward movement. The stop loss is set slightly above the resistance to protect against potential breakouts. Take Profit Levels: To maximize potential profits, we have set three take profit levels: TP-1: 0.61155 TP-2: 0.60965 TP-3: 0.60775 These levels are based on historical support zones and Fibonacci retracement levels, ensuring logical and technically sound exit points. Conclusion: The confluence of a Bearish Harmonic Pattern and a Bearish RSI Divergence at a critical resistance area strongly indicates a potential bearish trend for the NZD/USD pair. By following the outlined trade setup, traders can effectively capitalize on this anticipated market movement. Always ensure to manage risk appropriately and adjust stop losses and take profits as the market evolves.
Short
by trading_jupiter
NZDUSD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. Potential BEARISH move ! Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by TheGrove
3
the price is trading above the Ichimoku cloud NZDUSD LongThe buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out Potential Trade Opportunity: Currency Pair: NZDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUYLIMIT: Entry Point: 0.60009 Stop Loss: 0.59961 Take Profit: 0.60157 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.
Long
by Intraday_Forex_by_Wael