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Nzdusdtrendanalysis

NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.7165. The price is moving in up trend by making higher high and lower low pettern. The pair may start a new down trend if it breaks the support level at 0.7140, likely It is possible that the pair may rebound back after touching support level to continue its up trend. If the pair starts a new down trend after breaking the support level, then its first target price will be at 0.7075 and second target price will be at 0.7003. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
NZD/USD skyrockets towards the targetsIt's a daily chart of NZD/USD. From the 19th of March 2020, it started to rise and still moving upward. For an easy understanding of the trend, I have applied the DMI and SuperTrend. Let's take a look at indicators, DI+ is above DI- that means the trend will continue to move upside. ADX is greater than 25, which also indicates the upside movement. Now talking about the trend, At present, the trend is moving upward, and it's marching towards the targets, which are 0.7160 - 0.7260 . But if the trend crosses the control price and successfully makes consecutive candles, then targets for the fall will be 0.6900 - 0.6800 .
by forextidings
Ascending Triangle Breakout on NZDUSD Hello traders, we hope all are doing good. We have brought another analysis on NZDUSD for you all. As we can see that the pair has already broken out of its ascending triangle and has retested as well. It has also respected its trend-line support and has made a new higher high while no breaking its previous lower lows. So being said all we feel is that the pair will go up to its resistance level. The resistance is of D1 so it's the strong one. As always, the views are greeted. Use proper risk management. Thank you. If you want our analysis on any pair do let us know in the comment section and we will get it for you. Like and follow for more. Ryan.R.Lopes.
Long
by Ryan_lopes
1