NZDUSD broke corrective uptrendline Pair is based below key level at 0.7230 Price is based below HVN at level 0.7190 which indicates that pair is in distribution phase Below SMA 100 It's expected forming bearish Elliot wave 5 to target level 0.7050
See Signposts for key price action details.
The primary drivers for NZD are its high-beta status and the RBNZ's monetary policy outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead...
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
MY IDEA BEHIND THIS TRADE: 1. My bias still bullish for a top test for this NZDUSD. 2. NPF do play a role into this price setup, we get a better pricing for an AB=CD setup. 3. We are testing 15m MA200. FUNDAMENTAL WISE: TAKE A LOOK ON THIS ONE. www.fxstreet.com -------------------- Thanks for reading my post. Leave a like and comment. It's much appreciated. Thanks.
We have been waiting for this short for quite sometime. We're anticipating overall NZD weakness and looks like it will happen very soon. This would also mean we'd be bullish for EURNZD depending on which currency is the weakest. I'll be breaking things down further and providing updates in the links below. Goodluck and trade safe!
We have been waiting for this short for quite sometime. We're anticipating overall NZD weakness and looks like it will happen very soon. This would also mean we'd be bullish for EURNZD depending on which currency is the weakest. I'll be breaking things down further and providing updates in the links below. Goodluck and trade safe!
Hi there. Short term bias is remain total to the downside due to the strength on the dollar but in the medium term our bias is still firmly to the upside and these are the fundamental reasons: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening...
NZDUSD after the last attempt to break above the resistance structure move back above the support area at 0.72350. The market is consolidating above and according to Plancton's strategy if the price will break below, we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Price is facing bullish pressure from 1st support at 0.72271, in line with 127.2% fibonacci extension and horizontal swing low support.Price could bounce off 1st support to 1st resistance which coincides with 78.6% fibonacci extension and horizontal swing high resistance. If prices fall through 1st support, prices could reach 2nd support in line with horizontal...
Hi there. Some fundamental reasons to buy NZDUSD: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive. Recent global data has been encouraging, continuing...
this pair has hit our support level and in the same time our trendline on H4 timeframe so we zoomed in to M30 timeframe to search for a buy setup and we found that the pair has formed a valid trendline with 4 touches so now we are waiting for a momentum candle close above our last swing standing to enter a buy position Thank you & good luck
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Good morning traders, today we bring you our long-term analysis on the NZD/USD pair, since we consider that it is in a critical zone. 🔸During the last 12 months, the price had a rise of approximately 35%. 🔸This upward behavior generated a break in the Descending Trendline, which had been active for 7 years. 🔸After that break, the price continued its strong...
NZDUSD after breaking the range between reached the weekly resistance at the 0.73250 level. The market is now testing a weekly resistance and according to Plancton's strategy, if the price will break above, we will set a nice long order, –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Quite a choppy pair of late, bouncing between levels. Shorts down to 72.4 are looking nice before potentially continuing back to the upside. What do you guys think? Let me know!
If the price reaches the important area around 0.71, it can be bought with a high target. If the important area high is broken, the purchase can be made with the specified target.
If NU can break here its possibly to push to 0.72 and if that breaks possibility of further push down.