NzdUsd found a clear top at 0.68 zone. Now the pair is consolidating above 0.67 zone and a small correction to 0.6725 is not out of the question. A sell position in this zone with a target of 0.6650 would have a 1:3 risk: reward.
NZDUSD is in the overbought region. time to SHORT it! Trade at your own risk ;)
hi all traders, NZDUSD have broken out of the consolidation phase and trading above 200 ma as such, we should look for more upside from then on.
Yesterday I've written that 0.65 is "the line in the sand" for NzdUsd and this support is becoming more and more strong with bears very reluctant around that area. Now the pair is trading at 0.6555, very close of the recent range resistance and a break here would put bulls in advantage and would expose 0.6650 resistance.
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
The counter is currently is a descending channel pattern. It hit the lower parallel and bounced off with an ascending channel pattern. Hence, we expect the pair to trade with positive bias in the short-term.
The price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s). ...
*ENG* - Price hitting our supportive zone, we are expecting a reversal from this area. - If price breaks, look for the retest in order to enter short. *PT* - Preço a atingir a nossa zona de suporte, estamos a aguardar uma possível reversão neste nível. - Se o preço quebrar, aguardar pelo retest em ordem a entrar short.
Pair name - NZDUSD Action - SELL/SHORT ENTRY - 0.06591 TP - 0.6525 SL - 0.6710 TRADE STATUS - OPEN
After price unable to form a new LL, and displaying a double bottom from the book, we could expect a pullback in the pair. It allows the setting of a long entry to capture the reversal in the Kiwi. The order: Type: buy-stop S/L: 23 pips - R:R | 1:2 - T/P: supply zone -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just...
The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD. It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels. So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support.
The NZD/USD pair is struggling to make a decisive move in either direction amid a lack of significant fundamental drivers in the latter part of the week. I am keeping a tab on a possible driver this week as we await Monetary Policy, RBNZD Rate and Interest rate decision on Wednesday for a possible headway. The NZD/USD pair closed the third straight day in the...
NZD - BULLISH 1️⃣ The unemployment rate handily beat the 5.6% forecast coming in at 4.0% and helped to push kiwi to trade well. 2️⃣ RBNZ Survey of Business Expectations for July revealed that inflation expectations over the next year returned to 1.03% from 0.74%, while business leaders are slightly more optimistic about underemployment. USD - BEARISH 1️⃣ ADP...
Trading supported by an ascending trendline, the price has just broken above the supply zone, confirming the pair's uptrend bias. This upward momentum is also clearly spotted from the higher timeframe of D1, price breakout from descending trendline, and retest of the level confirming the forecasted bias. The order: Type: buy-limit S/L: 22 pips - R:R | 1:3...
Hey tradomaniacs, welcome to a new free trading-setup. NZD/USD: Daytrade-Execution Market-Buy-Order: 0,66430 Stop-Loss: 0,66070 Take-Profit: 0,67050 Stop-Loss: 36 pips Risk: 0,5% - 1% Risk-Reward: 1,77 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any...
The counter has broken down two critical supports. One- price action support level of 0.66128. Two- Bullish Trendline. It indicates the counter has changed its short-term to bearish and we advise traders to go short.