NZDUSD is currently within a 5 wave impulse and we're in wave 5 now. We have NFP tomorrow which may reverse the market and with it, NZDUSD.
- On lower timeframe, watch for a sharp sell off
- Confirmation on break of red trendline
- Targets: 0.61 (320pips), 0.59 (500pips)
Will review price action once we move lower to see if we'll move down to...
Hey traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.64 zone, once we we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.62891, where the previous high and 78.6% Fibonacci line is. Stop loss will be at 0.61559, where the previous swing low and 61.8% Fibonacci line is. Take profit will be at...
Unlike the AUDUSD, the NZDUSD has continued with the recent upward momentum to climb higher overnight, testing the 0.64 resistance level.
Look for the NZDUSD to consolidate below the 0.64 resistance level or even possibly retrace briefly.
However as the uptrend is strong, if the DXY continues to weaken, the NZDUSD could trade higher again after the...
NZD-USD will soon hit a resistance level
And I think that pair is somewhat overbought
So after the retest the price might go down
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‼️ This is my analysis on NZDUSD.
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price almost filled the imbalance and rejected from institutional big figure 0.64000.
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- NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast.
Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due...
NU gonna create Inverse Head & Shoulder pattern in daily timeframe; On the other hand technically NU also create hidden bearish divergence. So i anticipated NU short from 0.643xx range.
Remember, there is no place for luck in trading - only strategy!
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
Selling NZDUSD at 0.6371
Stop at 0.6461
R Ratio 3.98
BC leg of a Crab formation (counter trend)
The system highlights unique levels of support and resistance combined with potential cypher patterns.
We use single currency analysis as an overlay.
Drawing volume profile on the given trend gives us HVN's to consider as buying zones. our first HVN is marked with blue rectangle in addition to that we can see base candles there." if you are familiar with RTM terminology." So that level could be a valid long zone.
Second zone is our POC level which still could be a valid long zone.
Be Sure to watch for news...
NZD/USD as predicted in our previous idea, the price is growing following the bad momentum of the USD coming from economic news against this last one. The price inside a Bullish rally today had a pullback around the value of 0.6300 and all the clues are in favor of the NZD to take advantage against the USD. Will be crucial for the release of the economic news...
Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.62649, where the 78.6% Fibonacci line is. Stop loss will be at 0.61559, where the previous swing low is. Take profit will be at 0.64685, where the previous swing high is.
On the H1 time frame, prices are holding above an ascending channel where a throwback to the 0.6250 support zone, in line with the Fibonacci confluence levels could provide an opportunity to play the bounce to the resistance target at 0.6350, in line with the 100% Fibonacci extension level. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.