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Bullandbeartrading

NZD/USD Trade Idea

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Bullandbeartrading  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD short Forex SELL topdownanaylisis swingtrade
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trendanalysis chartpattern indicator nzdusd short forex sell topdownanaylisis swingtrade
Hello and welcome to my Trade Idea of the currency pair NZD/USD.

Let's start with the Top Down Analysis.


Monthly: A strong trendline was identified in the monthly timeframe.

Weekly: Weekly is overall bearish.

Daily: Daily is bullish but because of the confirmations from monthly and H4 we are bearish.

H4: We see a counter trendline and a breakout. That's the final confirmation for a bearish trend.


Have a nice day.
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