Hey everyone,
NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly.
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1-hour Chart - NZDUSD FX:NZDUSD OANDA:NZDUSD SAXO:NZDUSD
Following a local upward impulse, there is a liquidity accumulation for an upcoming long movement.
Today, I anticipate the removal of PDH (Previous Day's High).
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Pair : NZDUSD ( New Zealand Dollar / U.S Dollar )
Description :
Head and Shoulder
Strong Support
Falling Wedge in STF
Completed " 1234 " Impulsive Waves
Divergence
Analysis:
Upwards trend (bullish confluence factor)
Retest of an old support level (bullish confluence factor)
61.8% fib retracement level (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
NZD is the 5th strongest major currency whereas the USD is the 3rd strongest major currency (bearish confluence factor)
2K short...
Here is my analysis for NZDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
H4 - Bullish trend pattern.
Currently it looks like a correction is happening.
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
Hi fellow traders, NZDUSD has completed this larger correction in an ABC formation. It's quite common to see a shorter 'C' wave. Since the other dollar quote pairs look ready for a move higher we are expecting to see NZDUSD do this as well. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
Hello Traders,
Hope you all are doing good!!
I expect NU to go Up after finishing the correction.
Look for your BUY setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Here is my analysis for NZDUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
We can see price continues to be bearish on multiple time frames. This is followed by a trendline breakout
on the daily time frame as well as a channel pattern breakout.
Here is my view for NZDUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for NZDUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Very simple trading pattern forming in the direction of bigger picture trend. We will wait until we see a bullish correction
on the smaller time frames before looking for an entry. Once this correction is complete we will then enter short as long
as we think we can achieve a minimum of 1 to 3 risk reward on this particular trade.
The New Zealand dollar experienced a significant drop of over 2% on Wednesday, reaching its lowest level in more than three months at $0.6039. This decline followed the Reserve Bank of New Zealand's (RBNZ) expected decision to raise cash rates by 25 basis points to 5.5%. However, the central bank also hinted that it might conclude its tightening campaign, which...
There are a growing number of calls for the RBNZ to deliver a hawkish 25bp hike tomorrow, due to the government's 'inflationary' budget delivered last week.
This could also potentially result in the RBNZ upgrading their terminal rate in their quarterly forecasts.
NZDUSD is consolidating on the 4-hour chart, having found support above the 200-day EMA. RSI (14)...
Here is my view for NZDUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
