After 2 weeks of consolidation above support, NzdUsd can't find enough bids and power for a correction and has broken down. At this point the road is clear for an 100 pips drop
Hello Traders, Looking at NZDUSD its currently giving us a bearish engulfing candle, although not yet closed on the daily timeframe, if this does close it shows bearish pressure. We are also on a huge support zone and a squeeze pattern, if the supported zone gets broken then a push exhaustion push scenario is likely meaning it would be a good trade to short.
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sell on the NZDUSD becuase this currency is moving in channel and going down more....
NZDUSD will move between 0.69247-0.71094 As Market opens it will go to buy.Wait for the Perfect Entry.
NZD/USD has formed a strong bullish candlestick at the support level on the daily chart. If the support holds, NZD/USD may continue the uptrend till at least 0.7110 level. So, watch out for dips and buy if any such opportunity arises. Initial target can be set at 0.7110 and if 0.71 breaks, 0.73 will be on the cards.
hey tradomaniacs, NZD/USD is currently retesting a strong support-zone after a breakout of the descending trendchannel 👉 The market is pretty volatile, especially equities so we should consider to wait a little bit and identify support and a "fake-move" below the demand-zone. If that`s the case and we find support here, it could give us a very nice...
Welcome back Traders, Investors, and Community! Hi Traders, NZDUSD on H1 has got a Rejection at 0.7095 which is a strong Resistance zone by several long wicked candles, I’m expecting it to go lower. ⬇️Sell now or Sell at 0.7095 ⭕️SL @ 0.7116 ✅TP1 @ 0.705 ✅TP2 @ 0.7024 ✅TP3 @ 0.6956 We will have more FREE forecasts in TradingView soon ❤️ Your Support is...
#NZDUSD The analysis is done in the H4 timeframe. Go for a short move in NZDUSD as we already did when the trend line was touch and hit 50 PIPS profit. This time we are going to 100PIPS sell. The chart and pattern were explained earlier in the previous analysis.
The area around 0.6950 is a support level in NZD/USD and it has supported the price multiple times in the past. On Friday, we saw a sharp bullish impulse from the support level in NZD/USD. So, I would be looking to buy the dips as long as price stays above the support area. Possible targets would be 0.7150 and 0.73 level.
NZDUSD in at very strong demand area and showing sign of bullish rejection and candle stick formations look for bullish confirmation on lower time frame and enter long with your own money management and risk to reward ratio always remember that discipline and patience are the key factors in becoming a successful trader
Hey traders, here is the analysis for the NZDUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
nzd usd was the most bullish pair of the year and found very strong resistance area and after multiple confirmation we can say now its a trend reversal now for nzd usd it broke a significant support area and market is back there to retest the broken structure its a classic bearish breakout and retest pattern look for bearish confirmation on lower time frame and...
#NZDUSD The market will fell from the resistance area. Look for a selling opportunity in the NZDUSD pair.
Hey traders, here is the analysis for the NZDUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
The U.S. dollar index rose to 92.00 before FOMC Chairman Powell's speech. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for...